Trucking Business News

About Business News...

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.

Business

Volvo’s Earnings Slip as Truck Sales Rise, Orders Decline

Volvo AB’s second-quarter adjusted earnings slipped 4.1%, as North American truck sales rose but orders fell, Bloomberg reported Tuesday.

July 24, 2012
Business

Ryder's 2Q Earnings Rise 14%

Ryder System said its net earnings rose 14% to $46.7 million, or 91 cents per share, up from $40 million, or 77 cents from a year ago.

July 24, 2012
Business

Commercial Vehicle Group Swings to 2Q Profit

Commercial Vehicle Group reported a second-quarter profit compared with a loss last year, the truck and auto components maker said.

July 24, 2012
BusinessFuel

Diesel Rises 8.8¢ to $3.783 in Third Straight Gain

Diesel rose for the third week in a row, rising 8.8 cents to $3.783, while gasoline also rose for a third week, the Department of Energy said Monday.

July 24, 2012
BusinessFuel

Trillium Forms Joint-Venture to Build CNG Stations

Trillium CNG on Monday announced a joint venture to built fueling stations with a focus on the Interstate 65 and I-75 trucking corridors and major routes in Texas.

July 24, 2012
Business

Pilot Flying J to Acquire Controlling Stake in Maxum Petroleum

Pilot Flying J announced it will acquire a controlling stake in Maxum Petroleum. Terms were not disclosed.

July 24, 2012
Business

Tech Data Pays $165 Million to Control European Venture

Tech Data Corp. said it will pay about $165.6 million in cash to acquire Brightstar Corp.’s 50% stake in Brightstar Europe Ltd. to obtain sole ownership of the companies’ European joint venture.

July 23, 2012
GovernmentBusinessSafetyAutonomous

Finding Ways to Reduce Idling Can Be Challenging for Carriers

For carriers, the effort to find the best nonidling cooling option for the truck cab has not been without starts and stops.

July 23, 2012
BusinessTechnology

Cobra Electronics Unveils Latest Nav Gear, CB Radio

Cobra Electronics Corp. said it has unveiled its latest truck-specific navigation system as well as a new citizens band radio.

July 23, 2012
Business

Eaton’s Second-Quarter Income Rises

Eaton Corp.’s second-quarter net income rose to $382 million, or $1.12 per share, from $336 million, or 97 cents, a year ago.

July 23, 2012