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

ODFL’s First-Quarter Profit Jumps

Old Dominion Freight Line’s first-quarter profit almost tripled on higher tonnage, the  less-than-truckload carrier said Wednesday.

April 27, 2011
Business

Dana’s 1Q Loss Narrows as Sales Rise 20%

Component maker Dana Holding Corp. said Wednesday its first-quarter loss narrowed and that it had positive adjusted net income excluding certain charges.

April 27, 2011
Business

Covenant Reports Larger First-Quarter Loss

Covenant Transportation Group reported a first-quarter loss of $2.5 million, or 17 cents per share, compared with a loss of $2.2 million, or 15 cents, a year earlier.

April 27, 2011
Business

Durable Goods Orders Rise in March

Durable goods orders grew 2.5% in March, the Commerce Department said Wednesday.

April 27, 2011
Business

Truck Tonnage Rises 6.3% in March

Truck tonnage jumped 6.3% in March from a year ago, American Trucking Associations said Tuesday.

April 26, 2011
Business

Celadon’s Fiscal 3Q Profit Jumps

Truckload carrier Celadon Group’s fiscal third-quarter profit jumped from a year ago, the company said late Tuesday.

April 26, 2011
Business

Vitran’s First-Quarter Loss Narrows

Vitran Corp. said late Tuesday its first-quarter loss narrowed from a year ago, as its revenue rose 18%.

April 26, 2011
Business

C.H. Robinson Reports Higher 1Q Profit

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a first-quarter profit of $97 million, or 59 cents a share, up 15.5% from $84 million, or 50 cents, a year earlier.

April 26, 2011
Business

CVSA’s Roadcheck Set for June 7-9

The Commercial Vehicle Safety Alliance will hold its annual Roadcheck event June 7-9, it said in a statement.

April 26, 2011
Business

UPS Reports Higher 1Q Profit; Boosts Full-Year Earnings Forecast

UPS Inc. said Tuesday its first-quarter improved as its supply chain and freight unit’s operating profit jumped 44%.

April 26, 2011