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

Universal Truckload’s Earnings Slip

Universal Truckload Services, Warren, Mich., said it earned about $3.5 million, or 22 cents a share in the second quarter of 2008, down from $4.7 million, or 29 cents, in the 2007 quarter.

July 29, 2008
Business

Frozen Food Express Swings to 2Q Profit

Refrigerated carrier Frozen Food Express Industries, Dallas, earned $274,000, or two cents a share, in the second quarter of 2008, compared with a loss of $661,000, or four cents, in the 2007 quarter, the company said late Monday.

July 29, 2008
Business

Frozen Food Express Swings to 2Q Profit

Refrigerated carrier Frozen Food Express Industries, Dallas, earned $274,000, or two cents a share, in the second quarter of 2008, compared with a loss of $661,000, or four cents, in the 2007 quarter, the company said late Monday.

July 29, 2008
BusinessFuelGovernment

Diesel Down 11.5 Cents to $4.603 a Gallon

The average retail price of U.S. diesel plunged 11.5 cents to $4.603 a gallon, the biggest drop of the year, the Department of Energy said Monday.

July 28, 2008
BusinessLogisticsFuelGovernment

Diesel Down 11.5 Cents to $4.603 a Gallon

The national average price of retail diesel fell 11.5 cents to $4.603 a gallon, the Department of Energy reported Monday.

July 28, 2008
BusinessTechnologyEquipmentSafety

Kemp Promoted to President, COO of ABF Freight

Wesley Kemp was appointed president and chief operating officer of less-than-truckload carrier ABF Freight System, the company said.

July 28, 2008
Business

Attwood Appointed CFO at Quality

Bulk and tanker carrier Quality Distribution appointed Stephen Attwood its chief financial officer, the company said Monday.

July 28, 2008
Business

TNT’s Second-Quarter Earnings Fall

European parcel courier TNT NV, Hoofddorp, Netherlands, said its second-quarter earnings declined to about $322 million, or 88.1 cents a share, from about $383.4 million, or 99.2 cents, a year earlier.

July 28, 2008
Business

Variable Speed Limit Goes Live on Part of I-495 in Va.

Effective Monday, speed limits on part of Interstate 495 in Northern Virginia began changing along with traffic conditions, the Associated Press reported.

July 28, 2008
BusinessLogisticsGovernment

Gas Drops Below $4 a Gallon, Lundberg Says

Gasoline prices dropped 11.7 cents in the two weeks ended Friday to a national average of $3.9959 a gallon, the first time in more than a month that the average has fallen below $4 a gallon, the latest Lundberg Survey of filling stations said.

July 28, 2008