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.

Fuel, Business, Government

Diesel, Gas Set Records

U.S. retail fuel prices continued to soar into uncharted territory last week, as the average price of diesel jumped another 8.4 cents to $4.143 a gallon and gasoline gained 11.9 cents to $3.508, the Department of Energy reported.

April 28, 2008
Business, Safety

March Truck Tonnage Falls 0.2%

Truck tonnage declined 0.2% in March from a year ago, marking the first year-to-year downturn since October, American Trucking Associations said Thursday.

April 25, 2008
Business, Logistics

Hub Group’s 1Q Profit Improves

Third-party logistics company and freight broker Hub Group’s first-quarter profit rose to $13.1 million, or 35 cents per share, from $11.5 million, or 29 cents, a year earlier.

April 25, 2008
Business, Safety

Volvo’s Earnings Improve on Eastern European Sales

Volvo AB’s earnings rose 12% to about $707 million, as sales in Eastern Europe Russia offset North American declines, Bloomberg reported Friday.

April 25, 2008
Business

YRC Reports $45.9 Million 1Q Loss

YRC Worldwide reported a first-quarter loss of $45.9 million, or 81 cents a share, compared with earning $1.3 million, or 2 cents a share, a year ago.

April 25, 2008
Business

Saia Reports First-Quarter Loss

Saia Inc. Friday reported a first-quarter loss of $833,000, or 6 cents a share, compared with earning $3 million, or 21 cents, a year ago.

April 25, 2008
Business, Safety

Intermodal Traffic Declines for Week

Rail intermodal traffic fell 3.2% for the week ended Saturday compared with the same week a year ago, the Association of American Railroads said.

April 24, 2008
Business, Government

New ºÚÁϳԹÏÍø Sales Plunge to 17-Year Low

New home sales fell to a 17-year low in March, the Commerce Department said Thursday.

April 24, 2008
Business, Logistics

Union Pacific’s 1Q Profit Rises

Union Pacific Corp. said Thursday its first-quarter profit rose 15% as revenue rose in each of its six business units.

April 24, 2008
Business

Qualcomm’s Fiscal 2Q Earnings Improve

Wireless-services provider Qualcomm Inc. said its fiscal second-quarter earnings rose 5% to $766 million, or 47 cents a share, from $726 million, or 43 cents, a year ago.

April 24, 2008