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.
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, 2010Best Trucking Invoicing Software for Growing Carriers
Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.
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, 2010Forward 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, 2010P.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, 2010China 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, 2010Small-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, 2010Oil 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, 2010Letters: 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, 2010CSA 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, 2010DOT 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