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

GM’s Second-Quarter Almost Doubles

General Motors Co.’s second-quarter profit almost doubled on rising U.S. sales, Bloomberg reported Thursday.

August 4, 2011
Business

ATA Announces Driver Appreciation Video Contest

American Trucking Associations will sponsor for the third year a video contest for National Truck Driver Appreciation Week, Sept. 11-17.

August 4, 2011
Business

Patriot Transportation’s 3Q Profit Declines

Tank and bulk carrier Patriot Transportation Holding’s fiscal third-quarter net income declined to $2.4 million, or 25 cents a share, from $2.6 million, or 28 cents, a year ago.

August 3, 2011
Business, Logistics

Wabash Swings to Second-Quarter Profit

Trailer manufacturer Wabash National Corp. reported a second-quarter profit compared with a loss a year ago, as trailer sales improved.

August 3, 2011
Business

Factory Orders Decline 0.8% in June

Factory orders decreased 0.8% in June, the Commerce Department said Wednesday.

August 3, 2011
Business

Navistar Closing Idle Ontario Truck Plant

Navistar International Corp. said late Tuesday it will close its truck plant in Ontario, Canada, that has been idled for two years due to labor issues.

August 3, 2011
Business, Equipment

Goodyear’s 2Q Profit Improves as Sales Reach Record

Goodyear Tire & Rubber Co. said its second-quarter profit as sales jumped 24% to a quarterly record.

August 3, 2011
Business, Logistics

Echo Global Logistics’ 2Q Profit Rises

Echo Global Logistics said its second-quarter profit grew 50.3% to $2.9 million, or 13 cents per share, compared with $1.9 million, or 9 cents, a year ago.

August 3, 2011
Business

American Axle Reports Higher 2Q Profit

American Axle & Manufacturing Holdings said its second-quarter profit rose to $49.2 million, or 65 cents per share, from $25.4 million, or 34 cents, a year ago.

August 3, 2011
Business

ATRI Survey Seeks to Gauge Trucking Industry’s Top Concerns

The American Transportation Research Institute has released its annual survey to gauge the trucking industry’s top concerns.

August 2, 2011