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.
Justice Dept. Files Brief Supporting ATA on SoCal Ports
The Justice Department filed an amicus brief in support of American Trucking Associations’ challenge to the Ports of Los Angeles and Long Beach’s port concession plans.
October 22, 2008Arkansas Best’s 3Q Income Slips
Arkansas Best Corp.’s third-quarter net income fell to $15.4 million, or 61 cents a share, from $18.9 million, or 75 cents, a year ago.
October 22, 2008Vitran’s Third-Quarter Profit Drops
Vitran Corp. said Wednesday its third-quarter profit fell to $2.1 million, or 15 cents a share, from $3.1 million, or 23 cents, a year earlier.
October 22, 2008Norfolk Southern’s 3Q Profit Jumps 35%
Norfolk Southern Corp.’s third-quarter profit jumped 35%, the railroad said late Tuesday.
October 22, 2008Ryder’s 3Q Earnings Improve
Ryder System Wednesday reported third-quarter earnings of $70.2 million, or $1.25 per share, up from $65.5 million, or $1.11, a year ago.
October 22, 2008Celadon’s Quarterly Income Rises
Truckload carrier Celadon Group’s fiscal first-quarter net income rose 12% to $2.8 million, or 13 cents per share, from $2.5 million, or 11 cents, in the same period last year.
October 21, 2008Iteris’ Income Falls for Fiscal 2Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said late Tuesday its fiscal second-quarter profit decreased from a year ago.
October 21, 2008C.H. Robinson Reports Higher 3Q Income
Transportation and third-party logistics firm C.H. Robinson Worldwide said its third-quarter profit rose to $93.6 million, or 54 cents a share, from $83.7 million, or 48 cents, a year ago.
October 21, 2008CN's Quarterly Profit Improves
Canadian National Railway, Canada’s largest railroad, said its net income rose 14% to C$552 million in the third quarter, or C$1.16 a share, from C$485 million, or 96 cents, a year ago.
October 21, 2008DHL Exel Promotes Three Key Executives
DHL Exel Supply Chain, a unit of Deutsche Post, announced several top management changes Tuesday.
October 21, 2008