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.
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, 2012Truckbase Business Overview, Features, Reviews 2024
Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.
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, 2012Canadian Railroads Report Mixed 2Q Earnings
Canada National Railway Co. reported higher second-quarter earnings and Canadian Pacific Railway Co. reported a drop.
July 25, 2012HOS 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.
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, 2012UPS 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, 2012Volvo’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, 2012Ryder'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, 2012Commercial 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, 2012Diesel Rises 8.8¢ to $3.783 in Third Straight Gain
Diesel rose for the third week in a row, rising 8.8 cents to $3.783, while gasoline also rose for a third week, the Department of Energy said Monday.
July 24, 2012