Intermodal rail traffic grew 20.1% last week compared with a year ago, the Association of American Railroads said.
July 23, 2010Trucking 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.
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, 2010Diesel 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, 2010Horizon 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, 2010Ryder 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, 2010CN’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, 2010Intermodal Traffic Increases for Week
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, 2010Forward 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, 2010Volvo 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, 2010FedEx 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.
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