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

Celadon’s Third-Quarter Earnings Plunge

Truckload carrier Celadon Group’s fiscal third-quarter net income fell to $149,000, or 1 cent per share, compared with $3.9 million, or 17 cents, a year ago.

April 23, 2008
Business, Government, Fuel

Oil Dips from Record, Closing Just Over $118 a Barrel

Crude oil prices fell for the first time in four days Wednesday, a day after setting a closing-price record of more than $119 a barrel, Bloomberg reported.

April 23, 2008
Business, Technology, Equipment, Safety

Ryder Reports 1Q Income Gain, Boosts Outlook

Ryder System said Wednesday its first-quarter profit rose 9% to $56.1 million, or 96 cents per share, from $51.3 million, or 84 cents, a year earlier.

April 23, 2008
Business, Safety, Fuel, Government

Letters to the Editor: Fuel Prices, Sleep Apnea

I am interested in the feedback on fuel prices displayed in “Letters to the Editor.” Unfortunately, most of the letters did not focus on two salient facts affecting the price of oil. The first is the dismal exchange rate of the U.S. dollar versus the euro, and the second is world demand for petroleum products.

April 23, 2008
Business

UPS’ First-Quarter Profit Rises

UPS Inc. said Wednesday its first-quarter net income rose to $906 million, or 87 cents per share, from $843 million, or 78 cents, a year ago.

April 23, 2008
Business, Safety, Government

TWIC Enrollment Continues at Ports

The federal government’s Transportation Workers Identification Credential enrollment began Wednesday at three U.S. ports: Chattanooga, Tenn.; LaPorte, Texas; and Portsmouth, N.H.

April 23, 2008
Government, Business

FedEx Sets International Express Service with Canada Post

Canada Post Corp. and FedEx Express Canada have developed a new priority worldwide international express service, the two said Wednesday.

April 23, 2008
Business, Government, Safety

Arkansas Best’s 1Q Income Jumps

Arkansas Best Corp.’s first-quarter profit jumped 78% to $8.5 million, or 34 cents a share, from $4.8 million, or 19 cents, a year earlier.

April 23, 2008
Business, Government

N.H. Senate Passes Measure Offering 5% Weight Tolerance

The New Hampshire Senate passed a bill that would require law enforcement to provide a 5% overweight “tolerance” for most trucks on non-interstate roads.

April 23, 2008
Business, Fuel, Government, Logistics

Norfolk Southern’s 1Q Income Rises

Eastern freight railroad Norfolk Southern Corp. said its first-quarter profit rose 2%, as higher revenue per shipment offset an overall drop in traffic and record fuel prices.

April 22, 2008