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.
TMW President Says Slowdown Not Expected for ’07 Sales
The president of trucking software provider TMW Systems said he does not expect a slowdown in sales this year, even as some trucking companies face a downturn in demand for freight-hauling services.
January 29, 2007Sysco’s Fiscal Second-Quarter Net Income Rises
Food-services provider Sysco Corp. said Monday its fiscal second-quarter net income rose 16% to $236.7 million or 38 cents a share, from $204.2 million or 33 cents a year earlier.
January 29, 2007E&MU: Coping With ’07 Emission Systems
The maintenance managers of two vehicle leasing companies expect few problems in their shops as the truck-operating industry shifts to the next generation of lower-emission diesel engines.
January 29, 2007Technology Briefs — Jan. 23 - Jan. 29
Prophesy Says Software Sales Increased 40% • Altfuels Face Difficult Economics, Journal Says • Horizon to Use RFID for Alaska Shipments
January 29, 2007J.B. Hunt’s Fourth-Quarter Earnings Dip; Full-Year Improves
Truckload carrier J.B. Hunt Transport Services said Monday it earned $57.8 million or 39 cents a share in the fourth quarter, a decline from $65.3 million or 41 cents a year ago.
January 29, 2007Truck Tonnage Index Rebounds in December, Rising 3.9%
American Trucking Associations’ advanced seasonally adjusted truck tonnage index jumped 3.9% in December, following a 3.6% downturn in November.
January 26, 2007Caterpillar Reports Record 4Q, Annual Profit and Revenue
Diesel engine and heavy-equipment manufacturer Caterpillar Inc. its fourth-quarter profit rose 4% to a record $882 million or $1.32 a share, up from $846 million or $1.20 a share a year earlier.
January 26, 2007Marten Transport Reports Lower Fourth-Quarter Income
Refrigerated truckload carrier Marten Transport’s fourth-quarter income fell 27% to $5.2 million or 24 cents a share, from $7.1 million or 32 cents a year earlier.
January 26, 2007I-90 Reopened in Pennsylvania After 50-Vehicle Crash
State police said wreckage from a 50-vehicle chain-reaction crash was cleared and a 10-mile stretch of Interstate 90 east of Erie, Pa., was reopened shortly after 3 a.m. local time following a big snowstorm, the Associated Press reported.
January 26, 2007Covenant Transport Takes Loss for Fourth Quarter, Full Year
Covenant Transport late Thursday reported a fourth-quarter loss of $894,000 or 6 cents a share, compared with a profit of $4 million or 28 cents a year earlier.
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