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.
December Truck Tonnage Rises
Truck tonnage rose in December for the first time in 15 months, year-over-year, as the U.S. economy picked up steam, American Trucking Associations reported.
February 1, 2010EDI 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.
Trailer Shipments Dive 44%, End 2009 at 24-Year Low
U.S. factory shipments of commercial trailers plunged 44% in 2009 from the previous year to 80,415 units, the lowest total since 1975, as dry van shipments fell to the lowest level since 1961, ACT Research Co. reported.
February 1, 2010Diesel Declines 3.7¢ to $2.833
The U.S. retail diesel average price fell 3.7 cents a gallon to $2.833 last week, the largest one-week decline since July, the Department of Energy reported.
February 1, 2010IdleAire Ceasing Operations
IdleAire Inc., which provided stationary power for trucks to use at truck stops in lieu of idling, is ceasing operations Friday because it was unable to find a buyer for its assets, the Knoxville (Tenn.) News-Sentinel reported.
January 29, 2010Paccar’s 4Q Earnings Decline
Truck maker Paccar Inc.’s fourth-quarter profit fell to $46.1 million, or 13 cents a share, from $113.1 million, or 31 cents, a year ago.
January 29, 2010Saia’s 4Q Loss Narrows
Saia Inc. said Friday its fourth-quarter loss narrowed to $3.1 million, or 22 cents per share, from a loss of $28 million, or $2.10 a year ago, as tonnage continued to lag.
January 29, 2010Winter Storm Hits Highways in Okla., Southeast
A winter storm heading eastward across Tennessee into the Carolinas Friday is causing havoc on roads due to ice and snow, news services reported.
January 29, 2010Intermodal Traffic Grows for Week
U.S. intermodal rail traffic rose 2.9% last week compared with the same week last year, the Association of American Railroads said.
January 29, 2010Hub Group’s 4Q Earnings Slide
Logistics, intermodal and brokerage firm Hub Group’s fourth-quarter profit fell to $10 million, or 26 cents a share, from $14.2 million, or 38 cents, a year ago.
January 29, 2010NAFTA Surface Trade Decline Slows
The decline in surface transportation trade among the United States, Canada and Mexico slowed in November from a year ago compared with October figures, the Department of Transportation said Thursday.
January 28, 2010