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.

Government, Business

First Mexican Truck Crosses Into U.S.

The first Mexican truck crossed the United States border Friday as part of the cross-border trucking pilot program between the countries, the Associated Press reported.

October 25, 2011
Business

UPS’ Third-Quarter Profit Rises

UPS Inc.’s third-quarter profit rose to $1.04 billion, or $1.06 per share, from $991 million, or 99 cents, a year ago, the company said Tuesday.

October 25, 2011
Business

Volvo’s 3Q Earnings Jump; Predicts 20% Growth in North American Sales

Volvo AB’s third-quarter profit jumped 36% and the company predicted industrywide heavy-duty truck sales in North America will rise 20% next year, Bloomberg reported Tuesday.

October 25, 2011
Business

Paccar’s 3Q Profit More Than Doubles

Truck and engine maker Paccar Inc. said Tuesday its third-quarter profit more than doubled from a year ago, on higher truck sales.

October 25, 2011
Business

Rush Enterprises’ Income, Sales Jump on Higher Truck Sales

Truck dealership Rush Enterprises said its third-quarter net income improved on higher Class 8 and medium-duty truck sales.

October 25, 2011
Business

Cummins Posts Higher 3Q Profit, Trims 2011 Outlook

Cummins Inc. said Tuesday its third-quarter profit rose 60% from a year ago, but the engine maker trimmed its full-year revenue outlook due to “uncertainty around the macro-economic environment.â€

October 25, 2011
Business

Ryder’s Third-Quarter Earnings Improve

Ryder System said Tuesday its third-quarter profit increased from a year ago and raised its earnings forecast for the rest of 2011.

October 25, 2011
Business, Government, Logistics

Consumer Confidence Sinks to Two-Year Low

Consumer confidence dropped in October to its lowest level since March 2009, the New York-based Conference Board said Tuesday.

October 25, 2011
Government, Business

CARB Declines to Extend Reefer Rule Deadline

California environmental regulators have approved a slate of amendments to fine-tune the state’s transport refrigerated unit rule, but denied a request by industry stakeholders to push back compliance deadlines by extending the useful life of the units from seven to nine years.

October 25, 2011
Business, Fuel

Diesel Gains 2.4¢ to $3.825 in Second Straight Increase

Diesel’s national average retail price rose for a second straight week, increasing 2.4 cents to $3.825 a gallon, while gasoline dipped after a one-week gain, the Department of Energy said.

October 25, 2011