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, Fuel

Diesel Rises 2¢ to $2.919 in First Increase in Six Weeks

Diesel increased after four straight weeks of decline, rising 2 cents to $2.919 a gallon, the Department of Energy said Monday.

July 26, 2010
Business

UPS Aims to Improve Truck Fuel Efficiency 20%

UPS Inc. said Monday it has set a goal to increase its automotive fuel efficiency by 20% between 2000 and 2020.

July 26, 2010
Business

FedEx Raises 1Q, Yearly Profit Forecasts

FexEx Corp. Monday increased its earnings outlooks for the fiscal first quarter and fiscal year, citing better-than-anticipated volume growth in its FedEx Ground and FedEx Express units.

July 26, 2010
Business

New Home Sales Grow in June

New home sales increased 24% in June following a large decrease the month before, the Commerce Department said Monday.

July 26, 2010
Business, Fuel, Autonomous

Company Touts EGR Results in ‘Fluid Efficiency’ Test

Fleet managers should consider total “fluid efficiency” when comparing trucks using exhaust gas recirculation engines with those using selective catalytic reduction, truck and engine maker Navistar Inc. said last week.

July 26, 2010
Business, Technology

Qualcomm Shipped More Tracking Units in 3Q, Company Says

Qualcomm Enterprise Services shipped more asset-tracking systems, and cut costs in the quarter ended June 27, parent company Qualcomm Inc. said in its latest quarterly earnings statement.

July 26, 2010
Business, Fuel

Gas Prices Stay at $2.73 a Gallon, Lundberg Says

Gasoline’s national average price rose by less than a cent in the past two weeks to $2.73 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

July 26, 2010
Letters to the Editor, Business, Government

Longer Vehicles; Road, Bridge Names; Seat Belts

The July 12 issue of Transport Topics reported on the recently passed resolution of the Western Governors’ Association that calls on Congress to allow for longer combination vehicle pilot programs: “Western Governors Back New Pilot Programs to Study Effects of Longer Trailer Combinations.”

July 26, 2010
Editorial, Business

Best of the Best

The 2010 edition of the Transport Topics Top 100 For-Hire Carriers shows us just how bad 2009 was for the motor carrier industry, but it also illustrates the recovery that took hold in the first half of this year.

July 26, 2010
Business

Earnings Improve for 7 of 8 Publicly Traded Carriers

Seven of the eight publicly traded motor carriers that reported second-quarter earnings last week reinforced the trend of improved financial results driven by tight capacity, along with modest rate, volume and utilization improvements.

July 26, 2010