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

Vitran’s First-Quarter Loss Narrows

Vitran Corp. said late Tuesday it lost $900,000, or 6 cents a share, in the first quarter, narrowing its loss of $2.4 million, or 17 cents, in the same period last year.

April 28, 2010
Business

P.A.M. Lowers First-Quarter Loss

P.A.M. Transportation Services said it lost $315,000 in the first quarter, compared with a  $3.3 million loss a year ago.

April 28, 2010
Business

ODFL’s 1Q Income Improves

Old Dominion Freight Line said Wednesday its first-quarter profit rose to $7.7 million, or 21 cents per share, from $4 million, or 11 cents, a year ago.

April 28, 2010
BusinessLogistics

Norfolk Southern’s Profit Jumps

Norfolk Southern Corp. reported that its first-quarter profit rose 45% from a year ago.

April 28, 2010
BusinessLogistics

Canadian Pacific’s 1Q Profit Improves

Canadian freight railroad Canadian Pacific’s first-quarter net income jumped 74% to C$99.8 million, or 59 cents per share, from C$57.3 million, or 36 cents, a year earlier.

April 28, 2010
BusinessLogistics

Kansas City Southern’s 1Q Profit Rises

Kansas City Southern said it earned $32.6 million, or 34 cents a share, in its first quarter, compared with a loss of $8.1 million, or 9 cents, the previous year.

April 28, 2010
GovernmentBusiness

UCR Fees to Nearly Double

The Federal Motor Carrier Safety Administration released the 2010 fees for the Unified Carrier Registration program Monday, more than doubling the levy across the board but setting it slightly lower than the agency had proposed last year.

April 27, 2010
GovernmentBusiness

Trucking to Illinois Tollway: No New Tolls

Trucking has a seat on a newly-created transition team that is supposed to set the future course of the Illinois Tollway but higher tolls are not in trucking’s future, the industry representative said.

April 27, 2010
GovernmentBusiness

N.J. to Close Rest Stops on Two Interstates

New Jersey plans to close bathrooms at two more highway rest stops due to budget cutbacks this year, a move that has renewed calls to allow states to lease rest areas to private truck stop operators.

April 27, 2010
BusinessEquipment

Cummins’ 1Q Income Improves

Cummins Inc. said Tuesday its first-quarter profit jumped to $149 million, or 75 cents a share, from $7 million, or 4 cents, a year ago.

April 27, 2010