Trucking Business News

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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.

BusinessLogistics

Expeditors’ Third-Quarter Profit Declines

Logistics firm Expeditors International of Washington said Tuesday its third-quarter profit declined from a year ago on a “convergence of industry challenges.”

November 6, 2012
BusinessLogistics

3Q Intermodal Volume Rises 3.2%

Third-quarter intermodal traffic volume was 3.2% higher than a year ago, led by an 11.3% jump in domestic containers, the Intermodal Association of North America said.

November 6, 2012
Business

FMCSA Sets Team to Help Get Trucks to Hurricane Sandy Relief Effort

The Federal Motor Carrier Safety Administration said it has set up an “interstate petroleum transport team” to ensure the fastest and most efficient movement of fuel to regions hard hit by Hurricane Sandy.

November 6, 2012
Business

ATA Driver Shortage Analysis Warns of Longer-Term Trends

American Trucking Associations released an analysis of the truck driver shortage, concluding that while the shortage is acute and limited to the truckload sector, long-term trends could cause it to explode in the next decade.

November 6, 2012
BusinessLogistics

XPO Logistics Reports 3Q Loss

XPO Logistics reported a third-quarter loss of $3.1 million or 22 cents per share, compared with net income of $190,000 and a loss of $5.38, a year ago.

November 6, 2012
Business

Keen Transport Promotes Chris Easter to President

Keen Transport said it has promoted Chris Easter to president and chief operating officer.

November 6, 2012
Business

East Coast Refineries Struggle to Resume Full Operations in Wake of Sandy

Several East Coast refineries were struggling to resume full operations following Hurricane Sandy, as gasoline and diesel supplies in the New York and New Jersey region ran low and filling stations attempted to come back online in the two states, news services reported.

November 5, 2012
Business

Roadrunner Buys Central Cal Transportation

Roadrunner Transportation Systems said Monday it has acquired intermodal transportation company Central Cal Transportation for about $4 million.

November 5, 2012
BusinessFuel

Gasoline Plunges 21¢ to $3.55 a Gallon, Lundberg Survey Reports

Gasoline fell almost 21 cents in the past two weeks to $3.55 a gallon, according to the latest Lundberg survey of filling stations released Sunday, while oil held near a four-month low in the wake of Hurricane Sandy.

November 5, 2012
GovernmentBusiness

ISM Services Index Slips in October

An index of the U.S. economy’s service sector declined in October, the Institute for Supply Management said Monday.

November 5, 2012