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, 2008Trucking 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.
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, 2008March Truck Tonnage Falls 0.2%
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, 2008Volvo’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, 2008YRC 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, 2008Saia 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, 2008Intermodal 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, 2008New 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, 2008Union 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, 2008Qualcomm’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.
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