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, Logistics

Union Pacific’s 1Q Profit Falls 18%

Union Pacific Corp.’s first-quarter profit fell 18% to $362 million, or 72 cents per share, from $443 million, or 85 cents, a year ago.

April 23, 2009

Truckbase Business Overview, Features, Reviews 2024

Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.

Business, Logistics

Existing Home Sales Fall 3%

Existing homes sales fell 3% in March, the National Association of Realtors said Thursday.

April 23, 2009
Business

Jobless Claims Rise for Week

Initial jobless claims rose by 27,000 last week, the Labor Department said Thursday.

April 23, 2009
Business, Logistics

Canadian Pacific Reports Lower 1Q Income

Canadian freight railroad Canadian Pacific’s first-quarter net income fell 31.1% to C$62.5 million, or 39 cents a share, from C$90.7 million, or 59 cents a share a year earlier.

April 23, 2009
Business

Rush Reports Lower First-Quarter Profit

Truck dealership Rush Enterprises’ first-quarter net income fell to $2.9 million, or 8 cents a share, from $9.7 million, or 25 cents, a year ago.

April 22, 2009
Business, Safety, Government

Knight’s First-Quarter Income Improves

Truckload carrier Knight Transportation’s first-quarter profit rose to $11.7 million, or 14 cents a share, from $11.4 million, or 13 cents, a year ago.

April 22, 2009
Business

Vitran Reports First-Quarter Loss

Vitran Corp. lost $2.4 million, or 17 cents a share in the first quarter, compared with a profit of $1.1 million, or 8 cents, a year earlier.

April 22, 2009
Business

Hub Group’s 1Q Profit Falls

Intermodal firm Hub Group Inc.’s first-quarter net income fell 53% to $6.2 million, or 17 cents a share, from $13.1 million, or 35 cents, a year ago.

April 22, 2009
Business, Government, Safety

Arkansas Best Reports $18 Million 1Q Loss

Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.

April 22, 2009
Business

Opinion: After the Recession Ends . . .

We may not know when the current recession will be over, but we do know that we’re getting closer with every passing day. This is not the first recession the trucking industry has seen, nor will it be the last.

April 22, 2009