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

Patriot Transportation’s Profit Improves

Tank and bulk carrier Patriot Transportation Holding’s fiscal first-quarter profit jumped from a year earlier, the company said Wednesday.

February 2, 2011
Business

Xata Reports Smaller Loss in Fiscal 1Q

Transportation software firm Xata Corp. said it lost $120,000, or 1 cent per share, in its fiscal first quarter, compared with a loss of $1.7 million, or 20 cents, a year earlier.

February 2, 2011
Business

I-70 Reopens in Missouri as Midwest Recovers from Snow

Missouri officials reopened Interstate 70 to traffic Wednesday morning after it had been closed due to a major snow storm.

February 2, 2011
Business, Safety, Government, Logistics

C.H. Robinson Reports Improved 4Q Profit

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $103.2 million, or 62 cents a share, up 17.6% from $87.7 million, or 52 cents, a year earlier.

February 2, 2011
Government, Business

NAFTA Surface Trade Increases 15.5%

Surface transportation trade among the United States, Canada and Mexico rose 15.5% in November from a year earlier, the Department of Transportation said.

February 2, 2011
Business, Equipment

ISM Manufacturing Index Has Best Showing Since 2004

U.S. manufacturing activity rose in January at the fastest pace in almost seven years, the Institute for Supply Management said Tuesday.

February 1, 2011
Business

Winter Storm Pounds Midwest, Heads Toward Northeast

A huge winter storm that is pounding the middle of the country with snow and ice Tuesday has left roads dangerous in many states and its moving toward the Northeast, news services reported.

February 1, 2011
Business

Landstar’s Earnings Improve for 4Q, Year

Truckload carrier Landstar System said Tuesday its fourth-quarter earnings rose to $24.1 million, or 50 cents per share, from $18.6 million, or 37 cents, a year earlier. 

February 1, 2011
Business, Equipment

Cummins’ Profit Rises for 4Q, Year

Diesel engine maker Cummins Inc. said Tuesday its fourth-quarter profit rose from a year ago as sales jumped 22% and that 2010 was the strongest year in its history.

February 1, 2011
Business

Paccar Reports Higher 4Q Profit

Paccar Inc. said Tuesday its fourth-quarter profit rose and the truck manufacturer said it sees a stronger truck market for 2011.

February 1, 2011