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.
Navistar Reports 3Q Loss; New Leaders Outline Plans
In their second week in charge, the new management team at Navistar International Corp. reported a quarterly loss for the three months ended July 31 and laid out plans for a return to financial health in the wake of the company’s recent change in its truck engine emissions strategy.
September 10, 2012EPA Raises Navistar Fines
Truck and engine maker Navistar Inc. can continue selling its noncompliant MaxxForce engines using exhaust gas recirculation, but the penalties will be nearly double what was originally proposed, according to an Environmental Protection Agency final rule that went into effect Sept. 5.
September 10, 2012New Truck Orders Fall 23.4%, But Still Hit 16,200 in August
New heavy-duty truck orders fell 23.4% to 16,200 in August from a year earlier, according to preliminary figures from ACT Research Co., and some truck makers said they plan more downtime at plants in order to trim production.
September 10, 2012Class 8 Registrations Decline 1.5%, Polk Report Says
The nation’s heavy-duty truck fleet shrank 1.5% in the second quarter from a year earlier to 3.5 million vehicles, as companies continued purging older trucks but held off buying new ones in response to slow economic growth and regulatory uncertainty, R.L. Polk & Co. said in a new report.
September 10, 2012FedEx Says Quarterly Profit to Fall 4.1% From Year Ago
FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last year’s comparable quarter, “as weakness in the global economy constrained revenue growth” at its Express division.
September 10, 2012FedEx Says Quarterly Profit To Fall 4.1% From Year Ago
FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last year’s comparable quarter, “as weakness in the global economy constrained revenue growth” at its Express division.
September 10, 2012Diesel Increases 3.8¢ to $4.127, for Ninth Consecutive Gain
Retail average diesel fuel prices rose 3.8 cents last week to $4.127 a gallon — the ninth straight increase — the Department of Energy reported, as the oil industry in the Gulf Coast dealt with the aftermath of Hurricane Isaac.
September 10, 2012Unemployment Rate Drops to 8.1%; Trucking Adds 1,400 Jobs
U.S. employers added 96,000 jobs in August, and the unemployment rate fell to 8.1%, from 8.3% a month earlier, the Labor Department said Friday.
September 7, 2012DEF Price Rose 7¢ in August
The average U.S. pump price of diesel exhaust fluid rose 7 cents to $2.77 a gallon in August from July, Integer Research reported.
September 7, 2012Descartes Systems’ Fiscal 2Q Profit Dips
Trucking and logistics management provider Descartes Systems Group’s second-quarter net income fell from a year ago.
September 7, 2012