Volvo AB reported a fourth-quarter profit, boosted its 2011 truck-delivery forecast by 10% and said is considering assembling heavy trucks in China.
February 4, 2011Trucking 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.
Massive Blizzard Paralyzes Truckers, Leads to ‘Staggering’ Losses for Carriers
At Beaver Express Service in Woodward, Okla., near the state’s panhandle, company president Mike Stone spent most of last week trying to figure out which of his terminals, scattered across six states, could reopen after a record-breaking blizzard buried them.
February 7, 2011Diesel Gains 0.8¢ to $3.438; Gasoline Dips to $3.101
The average price of a gallon of U.S. retail diesel rose for a ninth straight week, edging up 0.8 cent to $3.438, the Department of Energy reported.
February 7, 2011Brink’s Posts Lower 4Q Profit
Armored vehicle transportation company Brink’s said its fourth-quarter profit declined from a year ago while its full-year earnings rose.
February 6, 2011Unemployment Rate Falls to 9%; Trucking Adds 3,200 Jobs
The U.S. unemployment rate fell to 9% in January, the lowest in almost two years, from 9.4% in December, the Labor Department said Friday.
February 4, 2011YRC Worldwide Reports Fourth-Quarter Profit
YRC Worldwide Friday reported fourth-quarter net income of $23.1 million, or 49 cents per share, though it lost $322 million, or $8.13 per share, for the full year.
February 4, 2011Accuride Sells Truck Seating Unit to CVG
Commercial Vehicle Group said Jan. 31 it bought heavy-duty truck seating unit Bostrom Seating from fellow component maker Accuride Corp., for $8.8 million.
February 4, 2011Intermodal Traffic Grows 9.2% for Week
Intermodal traffic rose 9.2% last week compared with a year ago, the Association of American Railroads reported.
February 4, 2011E&MU: Keep Air Spring Suspensions in Shape
Air suspensions softened the jarring ride that drivers and cargo suffered for decades, but they brought with them maintenance issues that demand constant attention.
February 4, 2011Opinion: Trucking Is Up to the Challenge!
The most important near-term component of our campaign to retain the current hours of service rules is industry involvement.
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