Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
P.A.M. Reports Flat 4Q; Income, Revenue Rise for Year
Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.
February 7, 2007CSX Plans $8 Mln. Upgrade of Charlotte, N.C., Intermodal Terminal
Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.
February 7, 2007Company Withdraws from $1.2 Billion Buyout Plan of EGL
Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.
February 7, 2007NYSE to Delist Navistar’s Shares Feb. 13
Shares of Navistar International Corp. will be delisted from the New York Stock Exchange at the close of trading on February 13, the truck manufacturer said late Tuesday.
February 7, 2007Truckers Seen Supportive of SoCal Ports’ OffPeak Program
A growing number of truckers report higher earnings since the ports of Long Beach and Los Angeles instituted their OffPeak program July 2005, the program’s sponsors said.
February 7, 2007Fourth-Quarter Productivity Rises 3%
U.S. productivity rose 3% in the fourth quarter, following a 0.1% decline in the third quarter, the Labor Department said Wednesday.
February 7, 2007Some Electronic Onboard Recorder Makers Applaud Mandate
Manufacturers of electronic onboard recorders had differing views of the federal government’s proposal to require recorders for some motor carriers, with some saying the government was treating EOBRs punitively and others hailing the move as an important safety development.
Security & Safety Briefs — Feb. 1 - Feb. 7
Iteris Reports Higher 3Q Revenue, Operating Income • Maine Lawmakers Seek ‘Real ID’ Repeal • Stepped-Up Laws, Enforcement Boost Road Safety, Paper Reports
February 7, 2007DOE Lowers 2007 Diesel Price Forecast to $2.59 a Gallon
Diesel prices will average $2.59 this year, down from $2.705 last year and 7 cents below an earlier forecast, the Department of Energy said Tuesday.
February 6, 2007ArvinMeritor Expects Loss From Emissions Unit Sale
ArvinMeritor Inc. said it would take a loss on the pending $310 million sale of its emissions technology business to a private equity firm, Bloomberg reported.
February 6, 2007