Trucking Business News

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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

Celadon’s Quarterly Income Rises

Truckload carrier Celadon Group’s fiscal first-quarter net income rose 12% to $2.8 million, or 13 cents per share, from $2.5 million, or 11 cents, in the same period last year.

October 21, 2008
BusinessTechnologyEquipmentSafety

Iteris’ Income Falls for Fiscal 2Q

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said late Tuesday its fiscal second-quarter profit decreased from a year ago.

October 21, 2008
BusinessSafetyGovernmentLogistics

C.H. Robinson Reports Higher 3Q Income

Transportation and third-party logistics firm C.H. Robinson Worldwide said its third-quarter profit rose to $93.6 million, or 54 cents a share, from $83.7 million, or 48 cents, a year ago.

October 21, 2008
GovernmentBusinessLogistics

CN's Quarterly Profit Improves

Canadian National Railway, Canada’s largest railroad, said its net income rose 14% to C$552 million in the third quarter, or C$1.16 a share, from C$485 million, or 96 cents, a year ago.

October 21, 2008
Business

DHL Exel Promotes Three Key Executives

DHL Exel Supply Chain, a unit of Deutsche Post, announced several top management changes Tuesday.

October 21, 2008
BusinessSafetyGovernmentLogistics

Opinion: Just What the Doctor Ordered

The Federal Motor Carrier Safety Administration soon will introduce a program that will list certified medical examiners on a national registry and require all interstate commercial truck drivers to obtain their medical certification from an approved examiner.

October 21, 2008
BusinessSafetyTechnologyGovernmentLogistics

Greatwide Logistics to be Acquired by Investor Group

Greatwide Logistics Services, a provider of non-asset-based transportation and third-party logistics services, said it will be acquired by a private investor group.

October 21, 2008
Business

Caterpillar’s Third-Quarter Income Slips 6%

Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its third-quarter profit fell 6% on weaker worldwide economies and higher commodities costs.

October 21, 2008
Business

Paccar’s 3Q Income Steady

Heavy-duty truck maker Paccar Inc. said its third-quarter profit about matched that of the same quarter a year ago, as it earned $299 million, or 82 cents a share, compared with $302.3 million, or 81 cents, a year ago.

October 21, 2008
Business

Letters to the Editor: Beyond Duty’s Call, Dear Mr. President

I am sending this in reference to one of my drivers, Phil Glover. A few days after Hurricane Gustav hit Louisiana, we were lucky enough to lease him. We were affected by that hurricane and suffered damage to our terminal. We put him to work right away moving generators around for Entech out of Garland, Texas.

October 21, 2008