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, Government, Fuel

Obama Signs Financial Reform Legislation that Aims to Curb Speculation in Oil, Fuel

President Obama signed into law a financial reform bill that includes provisions aimed at reducing speculative trading in commodities such as crude oil and diesel fuel and limiting the fees that credit-card companies can charge merchants for their services.

July 26, 2010
Business, Fuel

Diesel Dips 0.4¢ to $2.899

U.S. retail diesel prices dipped 0.4 cent last week to $2.899 a gallon, the ninth decrease in the national fuel average during the past 10 weeks, the Department of Energy reported.

July 26, 2010
Business

Horizon Lines Reports Profit in 2Q

Ocean shipper Horizon Lines earned a profit of $3.7 million, or 12 cents a share, in the second quarter, compared with a loss of $31.1 million, or $1.02, a year earlier.

July 23, 2010
Business

Ryder Reports Higher 2Q Profit

Ryder System said Friday its second-quarter profit increased to $29.8 million, or 56 cents a share, from $22.9 million, or 41 cents, a year ago.

July 23, 2010
Business

CN’s Profit Jumps 38% in 2Q

Canadian National Railway Co. said its second-quarter net income rose 21% to C$534 million, or C$1.13 per share, from C$387 million or 82 cents per share, a year earlier.

July 23, 2010
Business, Logistics

Intermodal Traffic Increases for Week

Intermodal rail traffic grew 20.1% last week compared with a year ago, the Association of American Railroads said.

July 23, 2010
Business

Iteris’ Income Jumps in Fiscal 1Q

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit jumped from a year ago.

July 23, 2010
Business, Logistics

Forward Air Reports Higher 2Q Income

Forward Air Corp. said late Thursday its second-quarter net income rose to $7.9 million, or 27 cents per share, from $2.8 million, or 10 cents, a year ago.

July 22, 2010
Business

Volvo Reports 2Q Profit

Volvo AB Thursday reported second-quarter net income of about $430 million, compared with a loss of about $760 million a year ago when orders were low.

July 22, 2010
Business

FedEx to Pay $3 Million to Massachusetts in Contractor Case Settlement

The Massachusetts attorney general’s office said FedEx Ground has agreed to pay the state $3 million to settle claims that FedEx allegedly misclassified its drivers as independent contractors.

July 22, 2010