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, Government

Durable Orders Rise in June

Durable goods orders rose in June, the Commerce Department said Friday.

July 25, 2008
Business

Scania’s Net Income Soars on Robust Russian Sales

Swedish truck maker Scania AB’s second-quarter net income jumped 51% to about $505 million, or 63 cents a share, from last year's $333 million, or 42 cents, as truck sales in Russia boomed, Bloomberg reported Friday.

July 25, 2008
Business

YRC Reports Lower 2Q Profit

YRC Worldwide said late Thursday its second-quarter net earnings were $36.3 million, or 62 cents a share, down from a profit of $55.4 million, or 95 cents, a year ago.

July 24, 2008
Business

BNSF Reports Lower 2Q Income; Sets 25% Dividend Boost

Burlington Northern Santa Fe Corp. said Thursday its second-quarter profit fell to $350 million, or $1 a share, from $433 million, or $1.20, a year earlier.

July 24, 2008
Business, Government

House Passes Bill to Boost Bridge Inspections

WASHINGTON — The House Thursday approved a bill that would require states to update their highway bridge inspection standards and perform annual inspections of structurally deficient bridges.

July 24, 2008
Business

Old Dominion’s 2Q Earnings Improve

Old Dominion Freight Line said its second-quarter profit rose to $23.9 million, or 64 cents a share, from $22.5 million, or 60 cents, a year ago.

July 24, 2008
Government, Business, Safety

Rush Enterprises’ 2Q Earnings Fall

Truck dealership Rush Enterprises’ first-quarter net income fell to $6.1 million, or 16 cents a share, down from $13 million, or 34 cents, a year ago.

July 24, 2008
Business

Con-way’s Second-Quarter Income Gains

Con-way Inc. said its second-quarter net income increased to $48.7 million, or $1.02 per share, from $46.4 million, or 96 cents, a year earlier.

July 24, 2008
Business, Logistics

Existing ºÚÁϳԹÏÍø Sales Fall 2.6% in June

Existing homes sales fell in June to the lowest level in a decade, the National Association of Realtors said Thursday.

July 24, 2008
Government, Business, Safety, Logistics

Hub Group Reports Higher 2Q Earnings

Third-party logistics company and freight broker Hub Group’s second-quarter net income rose to $15 million, or 40 cents a share, from $13.8 million, or 35 cents, a year ago.

July 24, 2008