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

Daimler Predicts Higher Truck Sales in 4Q

Daimler AG predicted a higher fourth-quarter profit on gains at its trucks and vans divisions, Bloomberg reported Thursday.

October 27, 2011
Business, Logistics

Pacer Reports Higher 3Q Profit, Boosts Outlook

Pacer International on Thursday reported higher third-quarter profit and raised its full-year earnings outlook.

October 27, 2011
Business

Celadon’s 1Q Income Increases

Celadon Group late Wednesday reported a fiscal first-quarter profit of $5.4 million, or 24 cents per share, up from $4.4 million, or 20 cents, a year ago.

October 27, 2011
Business

Knight’s Third-Quarter Income Flat

Knight Transportation’s third-quarter profit was about even with a year ago, at $16.6 million, or 21 cents a share, compared with $16.7 million, or 20 cents, for the same quarter of 2010.

October 27, 2011
Business

Mullen Group’s 3Q Profit Declines

Canadian transportation firm Mullen Group reported its third-quarter profit declined to C$11 million, or 14 cents per share, from C$28 million, or 36 cents, a year before.

October 27, 2011
Business

Jobless Claims Decline for Week

Initial jobless claims fell by 2,000 last week and continuing clams fell to the lowest level in more than three years, the Labor Department said Thursday.

October 27, 2011
Business, Logistics

Norfolk Southern Reports Higher 3Q Profit

Norfolk Southern Corp.’s third-quarter profit rose 24 percent from the same quarter last year, the Eastern freight railroad reported.

October 27, 2011
Business, Safety, Logistics

3PL Transplace Merges With Celtic International

Transplace Inc. has merged with intermodal marketing company Celtic International Inc. to create a $1 billion North American logistics provider.

October 27, 2011
Business

Heartland’s 3Q Income Slips

Heartland Express said its third-quarter profit slipped to $15.4 million, or 17 cents per share, from $18.3 million, or 20 cents, a year ago.

October 26, 2011
Business

Saia Reports Higher 3Q Net Income

Saia Inc. said Wednesday its third-quarter net income nearly doubled from a year ago on higher revenue and improved pricing.

October 26, 2011