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, Logistics

Hub Group’s 1Q Earnings Increase

Logistics, intermodal and brokerage firm Hub Group’s first-quarter profit grew to $8.7 million, or 23 cents a share, from $6.2 million, or 17 cents, a year ago.

April 21, 2010
Business

UPS, FedEx Resume European Flights

UPS Inc. and FedEx Corp. have begun getting flights through their major European hubs, following the slowdown in air traffic this week due to the volcano in Iceland, the Philadelphia Inquirer reported.

April 21, 2010
Business

C.H. Robinson’s 1Q Profit Decreases

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a first-quarter profit of $84 million, or 50 cents a share, down slightly from $85.4 million, or 50 cents a share, a year ago.

April 21, 2010
Business

Ryder Reports Higher 1Q Income

Ryder System said its first-quarter profit increased to $12.4 million, or 23 cents a share, from $6.8 million, or 12 cents, a year ago.

April 21, 2010
Business

DOT Providing $48.8 Billion for State Highway Projects

The Department of Transportation said $48.8 billion is now available to state transportation departments for federal projects through the Hiring Incentives to Restore Employment Act.

April 21, 2010
Business

Marten’s First-Quarter Profit Dips

Refrigerated truckload carrier Marten Transport’s first-quarter profit fell slightly, though trucking and logistics revenue improved due in part to higher fuel surcharges.

April 20, 2010
Government, Business

Senate Committee Targets Commodities Market Speculation

The Senate Agriculture Committee is scheduled to mark up a bill Wednesday that would impose stiffer regulations on the speculative trading of commodities, but would exempt trades from legitimate commercial hedgers like trucking companies.

April 20, 2010
Business

CVSA Moves Roadcheck Back a Week to June 8-10

The Commercial Vehicle Safety Alliance has scheduled its annual Roadcheck event for June 8-10, a week later than previously announced.

April 20, 2010
Business

ABF, Teamsters Agree to 15% Wage Cut

ABF Freight System and the Teamsters union have reached agreement on a 15% wage reduction to help the less-than-truckload carrier cope with losses triggered by the recession.

April 20, 2010
Government, Business

New Detroit Bridge Backers Want Public-Private Partnership Legislation

Backers of a proposed new bridge between Detroit and Windsor, Ontario, are pressing Michigan state legislators to act on measures that could move the project into the design and construction phase as early as this year.

April 20, 2010