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.
Con-way’s 4Q Income Improves on Vector Sale
Transportation firm Con-way Inc. earned $82.4 million or $1.66 a share in the fourth quarter, up from $49.9 million or 90 cents a year earlier.
January 30, 2007Diesel Continues to Decline, Dipping 1.7 Cents to $2.413
The average retail price of diesel fuel fell 1.7 cents to $2.413 a gallon, the Energy Department reported Monday.
January 30, 2007Consumer Confidence Nears Five-Year High
U.S. consumer confidence approached a five-year high this month, the New York-based Conference Board reported Tuesday.
January 30, 2007Paccar Reports Higher Income, Revenue for 4Q, 2006
Heavy-duty truck maker Paccar said Tuesday its fourth-quarter profit rose 22% to $380.5 million or $1.52 a share, from $312.9 million or $1.22 a year earlier.
January 30, 2007Performance Transportation Services Emerges From Chapter 11
Automobile carrier Performance Transportation Services said late Monday it emerged from its voluntary Chapter 11 bankruptcy proceeding.
January 30, 2007U.S. Xpress’ Fourth-Quarter Income Dips; Full-Year Improves
Truckload carrier U.S. Xpress Enterprises reported its fourth-quarter net income fell to $6.4 million or 41 cents a share, from $7.1 million or 48 cents in the previous fourth quarter.
January 30, 2007Navistar Unit Delays Filing Annual Report Amid Probe
Navistar International Corp., which has not filed financial results since September 2005, said its financcial unit will delay filing a 2006 annual report because of ongoing accounting problems, Bloomberg reported late Monday.
January 30, 2007ArvinMeritor’s Fiscal First-Quarter Earnings Decline
Components maker ArvinMeritor Inc. said its fiscal first-quarter earnings fell to $7 million or 10 cents a share, from $34 million or 49 cents a year earlier, as it said it faced challenges from the automotive, light-duty and heavy-duty truck segments.
January 30, 2007Canadian Pacific Reports Higher Fourth-Quarter Income
Canadian freight railroad Canadian Pacific’s fourth-quarter net income was C$145.6 million or 92 cents a share, up from $137.1 million or 86 cents a year earlier.
January 30, 2007Freightliner to Cut About 2,000 Jobs in Oregon, North Carolina
Truck manufacturer Freightliner LLC plans to lay off about 800 of its 1,700 workers in Portland, Ore., and stop making Freightliner trucks in that city, the Associated Press reported.
January 29, 2007