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.
Arkansas Best Swings to 2Q Profit
Arkansas Best Corp. Tuesday reported a second-quarter profit compared with a loss a year ago on stronger freight tonnage and pricing.
August 2, 2011EDI 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.
Old Dominion Launches Vault Logistics Division
Old Dominion Freight Line has introduced Vault Logistics, a new third party-logistics provider.
August 2, 2011Mike Smid Departs YRC Worldwide
Mike Smid, president of YRC Inc. and YRC Worldwide’s chief operations officer, has retired, the company said.
August 2, 2011TransForce’s 2Q Earnings Jump on Acquisitions
TransForce Inc.’s second-quarter net income rose to C$26.2 million, or 27 cents a share, from C$17 million, or 18 cents, a year earlier.
August 2, 2011Quality’s Second-Quarter Income Jumps
Tank truck carrier Quality Distribution said its second-quarter profit jumped on higher revenue and lower expenses.
August 2, 2011Diesel Dips 1.2¢ to $3.937 a Gallon; Gasoline Rises for Fifth Straight Week
Diesel declined for the first time in four weeks, dipping 1.2 cents to $3.937 a gallon, the Department of Energy said.
August 2, 2011Personal Spending Declines for First Time in Nearly Two Years
Consumer personal spending decreased for the first time in nearly two years in June, the Commerce Department said Tuesday.
August 2, 2011Profits Dip at Component Makers Accuride, CVG
Two truck component makers reported lower second quarter profits late last month.
August 2, 2011TNT Express’ 2Q Profit Drops
TNT Express NV, Europe’s second largest post company, said its second-quarter earnings declined to about $5.7 million, from about $37 million a year earlier.
August 2, 2011iTECH: The Best Lane Boosts the Bottom Line
Many trucking companies are turning to software products — packages that include everything from mapping technology to detailed cost analysis — to help them choose the routes that will most boost their bottom lines.
August 1, 2011