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

Canadian Railroads Report Mixed Earnings

Canadian National Railway Co. said its second-quarter net income rose to C$538 million, or C$1.18 cents per share, from C$534 million, or C$1.13 per share, a year earlier.

July 27, 2011
Business

Covenant Reports Second-Quarter Profit

Covenant Transportation Group turned around a first-quarter loss and posted a second quarter profit, though smaller than a year ago, the truckload carrier said.

July 26, 2011
Business

C.H. Robinson Reports Higher 2Q Profit

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a second-quarter profit of $111 million, or 67 cents a share, up 14.2% from $97.2 million, or 59 cents, a year earlier.

July 26, 2011
Business

June Truck Tonnage Jumps 6.8%

Truck tonnage jumped 6.8% in June from a year ago, the largest year-over-year gain since an 8% surge in January, American Trucking Associations said.

July 26, 2011
GovernmentBusiness

Stronger New-Entrant Requirements Urged for Carriers

Trucking industry, government and safety representatives told a Senate panel that federal regulators could improve motor carrier safety by raising the bar for new carriers entering the industry, among other policy changes.

July 26, 2011
Business

ATRI Updates Idling Regulations Guide

The American Transportation Research Institute has updated its online guide of state and local truck anti-idling regulations.

July 26, 2011
Business

UPS’ Second-Quarter Profit Jumps

UPS Inc. said Tuesday its second-quarter net income rose to $1.06 billion, or $1.07 per share, from $845 million, or 84 cents, year earlier.

July 26, 2011
Business

Paccar’s 2Q Profit Rises on Higher Truck Sales

Truck and engine manufacturer Paccar Inc. said Tuesday its second-quarter profit rose on higher truck sales, though it trimmed its overall sales outlook for the 2011 North American trucking market.

July 26, 2011
BusinessEquipment

Cummins’ Second-Quarter Profit Doubles

Engine maker Cummins Inc. said Tuesday its second-quarter profit doubled to a record on higher sales, and it boosted its earnings outlook for the full year.

July 26, 2011
Business

New ºÚÁϳԹÏÍø Sales Dip 1% in June

New home sales fell for the second straight month in June, declining 1% to 312,000, the Commerce Department said Tuesday.

July 26, 2011