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

June Truck Tonnage Falls 13.6%

Truck tonnage decreased 13.6% in June compared with a year ago, American Trucking Associations said late Monday.

July 28, 2009
Government, Business

Consumer Confidence Retreats in July

Consumer confidence fell in July, the New York-based Conference Board said.

July 28, 2009
Business

Paccar’s Second-Quarter Income Falls 92%

Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit plunged 92% to $26.5 million, or 7 cents a share, from $313.5 million, or 86 cents, a year ago.

July 28, 2009
Business, Safety, Government

Covenant Reports Loss for 2Q

Covenant Transportation Group said it lost $3.1 million, or 22 cents per share, in the second quarter, compared with a loss of $2.3 million, or 17 cents, a year ago.

July 28, 2009
Fuel, Business, Government

Diesel Gains 3.2¢ After Four Weeks of Decline

The average price of diesel fuel rose 3.2 cents to $2.528 a gallon after a four-week drop, the Department of Energy said Monday.

July 27, 2009
Business, Logistics

FedEx National LTL Names New President

FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.

July 27, 2009
Business, Government

New ºÚÁϳԹÏÍø Sales Climb 11%

New home sales increased 11% in June, the largest increase in eight years, the Commerce Department said Monday.

July 27, 2009
Business

Qualcomm’s Third-Quarter Earnings Slip

Wireless-services provider Qualcomm Inc. said its fiscal third-quarter earnings slipped to $737 million, or 44 cents a share, from $748 million, or 45 cents, a year ago.

July 27, 2009
Government, Business, Safety

New Orleans Port Operators Cut Hours

Both of the terminal operators at the Port of New Orleans have reduced their business hours in response to the economic recession and reduced shipping, the Times-Picayune reported.

July 27, 2009
Business

TNT Profit Falls 60%

TNT NV, Europe’s second largest post company, said its second-quarter earnings declined to about $115 million, from about $292 million a year earlier.

July 27, 2009