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.

BusinessTechnologyEquipmentSafety

Manufacturers Tout Their Choices for 2010

Starting in 2010, fleets buying new trucks will have to decide between two very different engine systems, and manufacturers already are warning that selecting the competing platform will leave the owner with an inferior product.

February 9, 2009
Business

Unemployment Rate Rises to 7.6%; Payrolls Plunge by Almost 600,000

The U.S. unemployment rate rose to a 17-year high in January, rising to 7.6% from 7.2% in December, the Labor Department said Friday.

February 6, 2009
Business

Intermec’s Fourth-Quarter Profit Declines

Supply chain technology firm Intermec Inc.’s fourth-quarter net income dropped to $9.1 million, or 15 cents a share, from $16.5 million, or 27 cents, a year ago.

February 6, 2009
BusinessSafety

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.

February 6, 2009
BusinessTechnologyEquipmentSafetyLogistics

Descartes Buys Oceanwide’s Logistics Business

Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).

February 6, 2009
Business

Sysco Corp.’s 2Q Income Declines

Food-services provider and private fleet operator Sysco Corp. said its fiscal second-quarter operating income fell to $422 million, or 40 cents a share, from $449 million, or 43 cents, a year ago.

February 6, 2009
BusinessFuel

Freight Market Decline Continues

Your newspaper this week shows just how difficult things are for carriers these days, as freight rates and volumes continue to nose dive while shippers push for lower fuel surcharges and better deals.

February 6, 2009
Business

Hub Group’s Fourth-Quarter Profit Declines

Intermodal firm Hub Group Inc.’s fourth-quarter net income fell 20% to $14.2 million, or 38 cents a share, from $18 million, or 47 cents, a year ago.

February 5, 2009
GovernmentBusiness

J.B. Hunt Boosting Dividend

J.B. Hunt Transport Services said Thursday its board approved increasing its quarterly cash dividend by a penny, to 11 cents per share.

February 5, 2009
GovernmentBusinessSafety

Postal Services Reports $384 Million Loss

The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.

February 5, 2009