Business
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.
Marten’s 1Q Income Jumps
Marten Transport’s first-quarter income jumped 32% over the same period last year, the truckload carrier said.
April 17, 2013Daily Briefings from Transport Topics
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Navistar Gets SCR Engine Certification From EPA, Names Allen COO
Navistar International Corp. said it received regulatory approval for its heavy-duty engines using selective catalytic reduction technology and that its board has named Jack Allen its new chief operating officer.
April 17, 2013Supreme Court Hears ATA’s Case Against Port of L.A.’s ‘Clean Truck’ Program
Attorneys for American Trucking Associations and the Port of Los Angeles squared off in the U.S. Supreme Court over several requirements included in the port’s “clean truck” concession agreement with drayage operators.
April 17, 2013CSX Reports Higher 1Q Profit
Eastern freight railroad CSX Corp. reported higher first-quarter profit from a year ago.
April 17, 2013Heartland Express’ 1Q Income Improves
Heartland Express said its first-quarter profit rose 19% from a year ago.
April 16, 2013House Committee Creates Special Freight Panel
The House Transportation and Infrastructure Committee has created a special panel to explore improving freight movement in the United States among various transportation modes, which will hold its first hearing later this month.
SoCal Ports Report Mixed Container Volumes
The Port of Los Angeles said its March loaded container volume dropped 24.7% from a year ago, while the Port of Long Beach said its volume increased 5.4% on higher exports.
April 16, 2013N.J. Proposes $2.6 Billion for Transportation Projects
New Jersey transportation officials have proposed a budget that includes $2.6 billion for the state’s Department of Transportation for fiscal year 2014 as part of a plan that focuses on maintaining existing infrastructure and easing congestion.
Industrial Production Rises 0.4% on Higher Utility Output
Industrial production rose 0.4% in March, led by higher utility output, although factory production dipped 0.1%, the Federal Reserve said Tuesday.
April 16, 2013Diesel Falls 3.5¢ to $3.942 in Seventh Drop
Diesel fell 3.5 cents to $3.942 a gallon and gasoline dropped 6.6 cents to $3.542, the seventh straight decline for both fuels, the Department of Energy reported.
April 16, 2013