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.

GovernmentBusinessSafety

Rush Enterprises’ 1Q Earnings Decline

Truck dealership Rush Enterprises’ first-quarter net earnings were $9.7 million, or 25 cents per share, down from $13 million, or 34 cents, a year ago.

April 18, 2008
BusinessGovernmentSafety

Letters to the Editor: Diesel Prices, Truckers’ Strike, Congestion Pricing

I want to know why diesel is so much more expensive than gasoline. Diesel is a byproduct of gasoline. It should be cheaper.

April 18, 2008
BusinessGovernmentFuel

Oil Sets Another Record, Hits $117 a Barrel

Crude oil hit $117 a barrel Friday, as the price soared to another closing price record to finish a week of all-time highs, Bloomberg reported.

April 18, 2008
BusinessGovernment

Oil Continues to Climb, Topping $116 a Barrel

Oil prices hit yet another record high Friday, toping $116 a barrel on concerns that an earthquake centered in Illinois could affect refinery operations, Bloomberg reported.

April 18, 2008
Business

Trucking Stocks Fall Following Earnings Reports

Trucking stocks fell Thursday, as investors reacted to slumping first-quarter earnings from several trucking firms, the Associated Press reported.

April 17, 2008
Business

Dana Names Gary Convis CEO

Parts supplier Dana Holding Corp. said Thursday it named retired Toyota Motor Corp. executive Gary Convis its new chief executive officer.

April 17, 2008
BusinessTechnologyEquipmentSafety

Landstar’s First-Quarter Income Improves

Truckload carrier Landstar System’s first-quarter net income rose to $23.7 million, or 45 cents a share, from $21.6 million, or 38 cents, a year earlier.

April 17, 2008
Business

Con-way Reports Lower 1Q Profit; Cuts Full-Year Forecast

Con-way Inc. said its first-quarter net income fell to $24.1 million, or 47 cents a share, from $29.6 million, or 57 cents, a year earlier.

April 17, 2008
Business

Werner’s First-Quarter Income Plunges

Truckload carrier Werner Enterprises said late Wednesday its first-quarter net income plunged to $8.4 million, or 12 cents a share, from $15.7 million, or 21 cents, a year earlier.

April 17, 2008
GovernmentBusiness

Leading Economic Indicators Rise in March

An index of leading economic indicators rose 0.1% last month, the first increase in six months, the New York-based Conference Board said Thursday.

April 17, 2008