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, Safety, Government

ISM Services Index Improves

The U.S. economy’s service sector improved in January for the first time in three months, the Institute for Supply Management said Wednesday.

February 3, 2010
Business, Safety, Government, Logistics

C.H. Robinson’s 4Q Profit Declines

Transportation and third-party logistics firm C.H. Robinson Worldwide reported a fourth-quarter profit of $87.7 million, or 52 cents a share, down slightly from $88.9 million, or 52 cents a share, a year ago.

February 2, 2010
Government, Business, Safety

Obama Requests $78.8 Billion for DOT

The Department of Transportation would get an additional $2 billion next year if Congress approves the budget proposal made by President Obama on Monday.

February 2, 2010
Government, Business, Fuel

EPA Budget Drops $20 Million in Diesel Grants

The Obama Administration is asking Congress to approve a nearly $10 billion Environmental Protection Agency budget that would shift $20 million in California truck diesel emissions retrofit grant funding to a nationwide diesel emissions reduction program that also includes funding for rail and marine diesel emissions reduction projects.

February 2, 2010
Business

UPS’ 4Q Income Improves

UPS Inc. said its fourth-quarter profit about triple that of a year ago, rising to $757 million, or 75 cents per share.

February 2, 2010
Government, Business, Safety

SEC Issues Climate-Change Guidance

The Securities and Exchange Commission for the first time has voted to provide public companies with guidance on disclosing business or legal risk related to climate change.

February 2, 2010
Business, Equipment

ArvinMeritor Reports Improved Fiscal 1Q

Truck components maker ArvinMeritor Inc. said Tuesday its fiscal first-quarter was break-even, compared with loss of $961 million, or $13.29 a share, a year ago, which included $856 million in write-downs.

February 2, 2010
Business, Government, Equipment

Cummins’ Fourth-Quarter Profit Jumps to $270 Million

Diesel engine maker Cummins Inc. said Tuesday its profit jumped in the fourth quarter due in part to strong sales in China, India and Brazil.

February 2, 2010
Business, Logistics, Fuel, Government

Diesel Drops 5.2¢ to $2.781 in Third Straight Decline

Diesel’s national average price fell 5.2 cents to $2.781 a gallon, matching the biggest drop in six months, the Department of Energy said Monday.

February 2, 2010
Government, Business, Safety

Napolitano Stresses Need for Port Security

ºÚÁϳԹÏÍøland Security Secretary Janet Napolitano addressed the need to strengthen cargo screening procedures at a meeting Monday in Fort Lauderdale, Fla., with law enforcement officials and members of the private sector doing business at ports.

February 1, 2010