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

Intermec’s Fourth-Quarter Income Declines

Supply chain technology firm Intermec Inc. said its fourth-quarter net earnings were $5 million, or 8 cents per share, compared with $9.3 million, or 15 cents, a year ago.

February 9, 2010

Best Trucking Invoicing Software for Growing Carriers

Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.

Business

Vitran’s Fourth-Quarter Loss Narrows

Vitran Corp. lost $2.3 million or 14 cents a share, in the fourth quarter, an improvement from a loss of $79 million, or $5.85, a year earlier.

February 9, 2010
Business, Government, Safety, Fuel

Forward Air’s 4Q Income Falls

Forward Air Corp. said its fourth-quarter profit fell to $6.4 million, or 22 cents per share, from $8.3 million, or 29 cents, a year ago.

February 9, 2010
Business, Safety, Government

P.A.M. Reports Fourth-Quarter Loss

P.A.M. Transportation Services reported a fourth-quarter loss of $3.9 million, or 42 cents per share, compared with a loss of $11.4 million, or $1.19, a year earlier.

February 9, 2010
Business, Logistics, Government

China Truck Group’s Jan. Sales Jump 300%

China National Heavy Duty Trunk Group Co., that country’s largest heavy truck producer, sold 16,653 vehicles in January, up more than 300% from a year earlier, Bloomberg reported Tuesday.

February 9, 2010
Business, Logistics, Government

Small-Business Index Improves for First Time in Three Months

Confidence among U.S. small businesses increased in January for the first time in three months as the outlook for sales improved, the National Federation of Independent Business reported.

February 9, 2010
Business

Oil Edges Up Over $72 a Barrel

Oil rose to more than $72 a barrel early Tuesday, up slightly from the previous two trading days, in advance of a government inventory report due out this week, Bloomberg reported.

February 9, 2010
Letters to the Editor, Business, Safety, Government

Letters: EOBRs Revisited, Hours of Service, Infrastructure

Regarding the letter with the headline “EOBRs Revisited,” there was a very interesting guest commentary about electronic onboard recorders recently in another publication, in which the author claimed only 2% of crashes occur after more than 10 hours of driving time.

February 8, 2010
Editorial, Business, Government, Safety

CSA 2010 Is a ‘Game Changer’

If it works as advertised, trucking’s new safety rating machinery will be as quick and as responsive as a sports car when compared to the old, glacial way of doing things.

February 8, 2010
Business, Safety, Government, Logistics

DOT Budget Proposes $4 Billion for New Infrastructure Bank

The Obama administration last week proposed a $4 billion “down payment” on a national infrastructure bank to supplement traditional highway funding, as part of its $78.8 billion budget proposal for the Department of Transportation.

February 8, 2010