Oil rose to more than $72 a barrel early Tuesday, up slightly from the previous two trading days, in advance of a government inventory report due out this week, Bloomberg reported.
February 9, 2010Trucking 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.
Forward Air鈥檚 4Q Income Falls
Forward Air Corp. said its fourth-quarter profit fell to $6.4 million, or 22 cents per share, from $8.3 million, or 29 cents, a year ago.
February 9, 2010P.A.M. Reports Fourth-Quarter Loss
P.A.M. Transportation Services reported a fourth-quarter loss of $3.9 million, or 42 cents per share, compared with a loss of $11.4 million, or $1.19, a year earlier.
February 9, 2010China Truck Group鈥檚 Jan. Sales Jump 300%
China National Heavy Duty Trunk Group Co., that country鈥檚 largest heavy truck producer, sold 16,653 vehicles in January, up more than 300% from a year earlier, Bloomberg reported Tuesday.
February 9, 2010Small-Business Index Improves for First Time in Three Months
Confidence among U.S. small businesses increased in January for the first time in three months as the outlook for sales improved, the National Federation of Independent Business reported.
February 9, 2010Letters: EOBRs Revisited, Hours of Service, Infrastructure
Regarding the letter with the headline 鈥淓OBRs Revisited,鈥 there was a very interesting guest commentary about electronic onboard recorders recently in another publication, in which the author claimed only 2% of crashes occur after more than 10 hours of driving time.
February 8, 2010CSA 2010 Is a 鈥楪ame Changer鈥
If it works as advertised, trucking鈥檚 new safety rating machinery will be as quick and as responsive as a sports car when compared to the old, glacial way of doing things.
February 8, 2010DOT Budget Proposes $4 Billion for New Infrastructure Bank
The Obama administration last week proposed a $4 billion 鈥渄own payment鈥 on a national infrastructure bank to supplement traditional highway funding, as part of its $78.8 billion budget proposal for the Department of Transportation.
February 8, 2010Report Says Thefts Rising, But Fleets Question Data
Cargo theft increased sharply in 2009, according to an international insurer and a security firm, although two major carriers said they had experienced a drop in losses from theft and American Trucking Associations said good statistics were hard to come by.
February 8, 2010Cummins Enjoys 4th-Quarter Boost in Engines
Two manufacturers that supply parts to international truck makers reported improved results for the fourth quarter, with engine maker Cummins Inc. increasing profits and component maker ArvinMeritor Inc. eliminating a large loss and breaking even.
February 8, 2010Trending
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