Trucking 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.
Forward Air Reports Flat Fourth-Quarter Profit
Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.
February 13, 2007Velocity Express Posts Net Loss in Second Fiscal Quarter
Package-delivery and supply chain management firm Velocity Express said Tuesday it lost $15.2 million or 61 cents a share in its second quarter ended Dec. 30, compared with a loss of $5.6 million or 35 cents a year ago.
February 13, 2007Expeditors International Reports Lower 4Q Profit
Logistics firm Expeditors International of Washington on Tuesday said its fourth-quarter profits fell to $62.6 million or 28 cents a share, down from $74.3 million or 34 cents a year ago.
February 13, 2007Wisconsin Gov. Wants Oil Tax to Fund Transportation Needs
Wisconsin Gov. Jim Doyle (D) has proposed a new tax on oil companies to help raise needed funds for the state’s transportation projects, the Associated Press reported Tuesday.
February 13, 2007Delphi’s Third-Quarter Loss Widens to $2 Billion
Bankrupt auto-parts maker Delphi Corp. said losses in its third quarter ended Sep. 30 widened to $2 billion from $788 million in the third quarter of 2005 as the company spent more on job cuts and U.S. auto makers produced fewer cars, Bloomberg reported Tuesday.
February 13, 2007Hub Group’s Fourth-Quarter, Full-Year Earnings Rise
Third-party logistics provider Hub Group said late Monday it earned $13.5 million or 34 cents a share in the fourth quarter, up from $10.1 million or 25 cents a share for the same quarter a year earlier.
February 12, 2007Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March
Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.
February 12, 2007Fenway Acquires Refrigerated Carrier Gemini Traffic Sales
Private-equity firm Fenway Partners said Monday it has partnered with the current owners of refrigerated-unit carrier Gemini Traffic Sales to acquire a majority interest in the truckload and less-than-truckload carrier.
February 12, 2007Volvo Won’t Bid for Germany’s MAN, Paper Reports
Volvo AB has no plans to pursue a takeover of German truck maker MAN AG, as it would not get European Union regulatory approval to do so, Bloomberg reported Monday.
February 12, 2007Gasoline Prices Rise 4 Cents, Lundberg Reports
Average U.S. retail gasoline prices rose 4 cents over the past three weeks to $2.22 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.
February 12, 2007Follow Us
Trending
Newsletter Signup
Subscribe to Transport Topics