Trucking Business News

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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.

BusinessSafetyGovernmentLogistics

Vitran’s 4Q Income Flat; Company Reports Record Year

Toronto-based transportation and logistics firm Vitran Corp.’s fourth-quarter profit was $5 million or 37 cents a share, compared with $5 million or 39 cents a year earlier.

February 8, 2007
BusinessEquipment

Bandag’s Fourth-Quarter Income Dips

Tire retreader Bandag Inc. reported fourth-quarter net income of $10.9 million or 56 cents a share, compared with $12 million or 62 cents a year earlier.

February 8, 2007
BusinessAutonomous

Sweden’s Scania to Boost Payout to $1.43 Bln. on Strong Sales

Swedish truck maker Scania AB plans to boost 2006 shareholder dividends to about $1.43 billion, as booming European sales leave truck makers flush with cash, Bloomberg reported Thursday.

February 8, 2007
BusinessSafetyGovernmentLogistics

Pacer’s Fourth-Quarter Income Rises; Revenue Dips

Transportation and third-party logistics firm Pacer International’s fourth-quarter net income rose to $21.5 million or 57 cents a share, from $20.4 million or 54 cents a year earlier.

February 8, 2007
BusinessGovernment

Wholesale Inventories Unexpectedly Drop in December

Wholesale inventories fell 0.5% in December, the most since May 2003, as sales surged, the Commerce Department reported Thursday.

February 8, 2007
Business

Initial Jobless Claims Rise 3,000 for Week

First-time U.S. jobless claims rose 3,000 last week to 311,000, the Labor Department said Thursday.

February 8, 2007
BusinessSafetyGovernment

P.A.M. Reports Flat 4Q; Income, Revenue Rise for Year

Truckload carrier P.A.M. Transportation Services said Wednesday it earned $4.3 million or 41 cents a share for the fourth quarter, the same as its previous fourth quarter earnings.

February 7, 2007
BusinessGovernmentLogistics

CSX Plans $8 Mln. Upgrade of Charlotte, N.C., Intermodal Terminal

Eastern freight railroad CSX Corp.’s intermodal unit plans to invest about $8 million to expand its Charlotte, N.C., terminal, the company said Wednesday.

February 7, 2007
BusinessSafetyGovernmentLogistics

Company Withdraws from $1.2 Billion Buyout Plan of EGL

Transportation and logistics firm EGL Inc. said Wednesday that the private firm set to buy the bulk of EGL’s stock and take the company private pulled out of the $1.2 billion deal, citing concerns about EGL’s impending 2006 earnings report.

February 7, 2007
BusinessAutonomous

NYSE to Delist Navistar’s Shares Feb. 13

Shares of Navistar International Corp. will be delisted from the New York Stock Exchange at the close of trading on February 13, the truck manufacturer said late Tuesday.

February 7, 2007