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

December Truck Tonnage Grows 4.2%

Freight tonnage ended 2010 on a high note, as American Trucking Associations reported its seasonally adjusted cargo index climbed 4.2% in December to its highest level since early in the recession.

January 31, 2011
BusinessFuel

Diesel, Gasoline Prices Rise for Eighth Straight Week

U.S. retail fuel prices rose for the eighth consecutive week as frigid temperatures on the East Coast and in Europe boosted demand,  analysts said.

January 31, 2011
Business

J.B. Hunt’s Income Jumps for 4Q, Year

J.B. Hunt Transport Services said Friday its fourth-quarter net income rose, as its trucking, intermodal and dedicated contract carriage units all reported improvement.

January 28, 2011
Business

Oshkosh Reports Lower Profit in Fiscal 1Q

Oshkosh Corp. said Friday its fiscal first-quarter profit fell on lower sales volumes.

January 28, 2011
BusinessLogistics

Hub Group’s Fourth-Quarter Earnings Grow

Logistics and intermodal firm Hub Group’s fourth-quarter profit jumped 25.7% to $12.5 million, or 34 cents a share, from $10 million, or 26 cents, a year earlier.

January 28, 2011
BusinessLogistics

Intermodal Traffic Rises 6.2% for Week

Intermodal traffic increased 6.2% last week compared with a year ago, the Association of American Railroads reported.

January 28, 2011
BusinessGovernment

Consumer Confidence Falls Slightly

Consumer confidence slipped in January from a six-month high in December, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

January 28, 2011
PerspectiveBusinessEquipment

Opinion: Truck Maintenance Tips: The Top 11 for 2011

Let’s face it; nobody likes to make the same mistake twice. Maintenance professionals in particular always should be looking for procedures that have prevented downtime and failures in the past.

January 28, 2011
Business

Covenant Reports Fourth-Quarter Profit

Covenant Transportation Group reported a fourth-quarter profit of  $700,000, or 5 cents per share, compared with a loss of $2.7 million, or 19 cents, a year earlier.

January 27, 2011
Business

Eaton’s 4Q Profit Jumps 30% on Strong Truck Market

Truck and auto components maker Eaton Corp. said Thursday its fourth-quarter profit jumped 30% on stronger performance by its truck unit.

January 27, 2011