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

UPS Reports Higher 1Q Income

UPS Inc. Tuesday formally issued its first-quarter earnings statement, matching the increase it first released earlier this month, and said its sales rose 7.2%.

April 27, 2010
Business

Ford Reports $2.1 Billion 1Q Profit

Ford Motor Co. Tuesday posted a $2.1 billion first-quarter profit and said it would be profitable this year, the Associated Press reported.

April 27, 2010
BusinessGovernmentLogistics

Consumer Confidence Rises to Highest Level Since 2008

Consumer confidence grew this month to its highest level since September 2008, the New York-based Conference Board reported.

April 27, 2010
Business

CN’s Profit Jumps 21% in 1Q

Canadian National Railway Co. said its first-quarter net income rose 21% to C$511 million, or C$1.08 per share, from C$424 million or 90 cents per share, a year earlier.

April 27, 2010
BusinessFuel

Diesel Rises 0.4¢ to $3.078 for Ninth Gain in 10 Weeks

Diesel’s national average pump price increased for the ninth time in 10 weeks, rising 0.4 cent to $3.078 a gallon, the Department of Energy said Monday.

April 27, 2010
Business

Celadon Reports 3Q Profit

Celadon Group reported a profit for its fiscal third quarter, boosted by higher freight volumes.

April 26, 2010
BusinessSafety

PHMSA Updates Online Hazmat Application

The Pipeline and Hazardous Materials Safety Administration said it will implement a new online application process that will allow hazmat materials special permits to be reviewed in a timely manner, beginning May 1.

April 26, 2010
BusinessGovernmentSafety

Fleets Increase Interest in Technology to Help Them to Comply With CSA

CINCINNATI — Concern about driver safety compliance is pushing the purchase of new technology to help fleet managers to see and respond to data on driver performance, manufacturers of the equipment said.

April 26, 2010
Business

Caterpillar Swings to 1Q Profit

Heavy equipment maker Caterpillar Inc. Monday reported a first-quarter profit compared with a loss a year ago, and boosted its sales and income forecast for the year.

April 26, 2010
Business

Sales, Leasing and Service Business Revives as Recession’s Grip on Industry Loosens

Business got so bad for Jack McDevitt Jr.’s Mack, Volvo and Peterbilt truck dealerships that he shuttered one of his locations last spring and laid off 60 people, including his son. 

April 26, 2010