Business

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

New Home Sales Fall From Two-Year High

New home sales fell 8.4% in June from a two-year high, led by a record plunge in the Northeast, the Commerce Department said Wednesday.

July 25, 2012

EDI for Trucking: Everything You Need to Know

Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.

Business

Caterpillar Posts $1.7 Billion Profit, Boosts Outlook

Heavy equipment maker Caterpillar Inc. Wednesday reported a $1.7 billion second-quarter profit and boosted its full-year earnings outlook.

July 25, 2012
Business, Logistics

Norfolk Southern’s 2Q Profit Drops

Norfolk Southern Corp. said its second-quarter profit dropped 6%, but income from railway operations rose 7% to $934 million.

July 25, 2012
Business

Canadian Railroads Report Mixed 2Q Earnings

Canada National Railway Co. reported higher second-quarter earnings and Canadian Pacific Railway Co. reported a drop.

July 25, 2012
Business

HOS Rule Will Add Significant Costs, ATA Says in Court Filing

The hours-of-service rules set to take effect next year for truck drivers will add a significant cost to the trucking industry without providing much of a benefit, American Trucking Associations said Tuesday in a court filing.

Timothy Cama | Staff Reporter
July 24, 2012
Business, Autonomous

Paccar Posts Higher 2Q Profit; Warns on Slowing Economy

Paccar Inc. Tuesday reported its second-quarter profit rose 24% from a year ago, but warned that a slowing economy could crimp truck orders later this year.

July 24, 2012
Business

UPS Reports Higher 2Q Profit; Cuts Forecast

UPS Inc. reported a higher second-quarter profit but cut its full-year earnings forecast, citing concern of a slowing global economy.

July 24, 2012
Business

Volvo’s Earnings Slip as Truck Sales Rise, Orders Decline

Volvo AB’s second-quarter adjusted earnings slipped 4.1%, as North American truck sales rose but orders fell, Bloomberg reported Tuesday.

July 24, 2012
Business

Ryder's 2Q Earnings Rise 14%

Ryder System said its net earnings rose 14% to $46.7 million, or 91 cents per share, up from $40 million, or 77 cents from a year ago.

July 24, 2012
Business

Commercial Vehicle Group Swings to 2Q Profit

Commercial Vehicle Group reported a second-quarter profit compared with a loss last year, the truck and auto components maker said.

July 24, 2012