Truckload carrier Knight Transportation said Wednesday its profit rose for both the fourth quarter of 2010 and the year.
January 26, 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.
Celadon’s Fiscal 2Q Profit Jumps
Truckload carrier Celadon Group said its fiscal second-quarter profit almost tripled from a year ago as its rate-per-mile improved.
January 26, 2011Obama Urges Boosting U.S. Infrastructure, Exports
President Obama in his State of the Union speech Tuesday called for more investments in infrastructure even as he urged a partial freeze in federal spending to rein in the U.S. deficit.
January 26, 2011Marten’s 4Q, Yearly Profits Grow
Marten Transport said its fourth-quarter profit increased 22.2% as both its logistics and regional revenue improved.
January 26, 2011New ϳԹ Sales Gain 18% in December
New home sales increased 18% in December, the Commerce Department said Wednesday.
January 26, 2011Cummins Selling Exhaust Business
Diesel engine maker Cummins Inc. said it is selling its exhaust business to Global Tube, a unit of a private equity firm. Terms were not disclosed.
January 26, 2011Norfolk Southern’s 4Q Profit Improves
Norfolk Southern Corp.’s fourth-quarter and annual net income rose from the same periods a year earlier and it said it was boosting its quarterly dividend.
January 26, 2011Canadian Pacific’s Profit Improves
Canadian freight railroad Canadian Pacific’s fourth-quarter net income increased 27.1% to C$185.8 million, or C$1.09 per share, from C$146.2 million, or 87 cents, a year earlier.
January 26, 2011Navistar Boosts Earnings Forecast
Navistar International Corp. boosted its profit forecast, saying it would earn $388 million to $465 million, or $5 to $6 per share, excluding some items, for its fiscal year that ends Oct. 31.
January 26, 2011ATA, Coalition Ask Congress for Hearing on Proposed HOS Rule
A coalition including American Trucking Associations, other groups and several large trucking companies has asked a key congressional panel for a hearing on a proposed new federal hours-of-service rule, saying the changes would have a “negative impact” on the U.S. economy.
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