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

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, 2011

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, Logistics

Old Dominion Launches Vault Logistics Division

Old Dominion Freight Line has introduced Vault Logistics, a new third party-logistics provider.

August 2, 2011
Business

Mike Smid Departs YRC Worldwide

Mike Smid, president of YRC Inc. and YRC Worldwide’s chief operations officer, has retired, the company said.

August 2, 2011
Business, Logistics

TransForce’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, 2011
Business

Quality’s Second-Quarter Income Jumps

Tank truck carrier Quality Distribution said its second-quarter profit jumped on higher revenue and lower expenses.

August 2, 2011
Business, Fuel

Diesel 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, 2011
Business

Personal 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, 2011
Business, Equipment

Profits Dip at Component Makers Accuride, CVG

Two truck component makers reported lower second quarter profits late last month.

August 2, 2011
Business, Logistics

TNT 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, 2011
Business, Technology

iTECH: 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