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

Safeway Profit Inches Up

Grocery store chain Safeway Inc. said its second-quarter profit inched up 1.8% to $238.6 million, or 57 cents a share, from $234.3 million, or 53 cents, last year.

July 24, 2009
BusinessGovernment

Saia Posts 2Q Loss

Saia Inc. said it lost $1.7 million in the second quarter “due to the weak shipping environment and lower yields impacted by increasingly competitive pricing pressure.â€

July 24, 2009
Business

Universal Truckload Services’ Income Falls

Universal Truckload Services said its second-quarter net income plunged 62.8% to $1.3 million, or 8 cents per share, from $3.5 million, 22 cents, a year ago.

July 24, 2009
BusinessSafety

Intermodal, Rail Traffic Continue to Decline

Intermodal rail traffic fell 18.8% last week compared with the same week last year, the Association of American Railroads said.

July 24, 2009
GovernmentBusinessSafety

BNSF’s 2Q Income Improves Despite Lower Volume

Burlington Northern Santa Fe Corp. said its second-quarter profit improved but its revenue fell on lower overall freight demand.

July 23, 2009
Business

Con-way’s 2Q Profit Falls

Con-way Inc. said its second-quarter income fell to $33 million, or 64 cents per share, compared with $50.4 million, or $1.02, a year ago.

July 23, 2009
BusinessSafetyGovernmentLogistics

TransForce Reports Lower 2Q Income

Canadian transportation firm TransForce Inc. said its second-quarter net income fell to C$18 million, or 21 cents a share, from C$19.3 million, or 22 cents, a year ago.

July 23, 2009
BusinessTechnologyEquipmentSafety

Ryder’s Second-Quarter Income Drops

Ryder System said Thursday its second-quarter profit fell to $22.9 million, or 41 cents a share, from $62.9 million, or $1.09, a year earlier.

July 23, 2009
Business

UPS’ Second-Quarter Income Declines 49%

UPS Inc. said Thursday its second-quarter profit fell 49% to $445 million, or 44 cents a share, from $873 million, or 85 cents, a year ago.

July 23, 2009
BusinessLogistics

Existing °®¶¹´«Ã½ Sales Improve in June

Existing homes sales rose for the third straight month in June, the National Association of Realtors said Thursday.

July 23, 2009