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.
BNSF Reports Lower 2Q Income; Sets 25% Dividend Boost
Burlington Northern Santa Fe Corp. said Thursday its second-quarter profit fell to $350 million, or $1 a share, from $433 million, or $1.20, a year earlier.
July 24, 2008House Passes Bill to Boost Bridge Inspections
WASHINGTON — The House Thursday approved a bill that would require states to update their highway bridge inspection standards and perform annual inspections of structurally deficient bridges.
Old Dominion’s 2Q Earnings Improve
Old Dominion Freight Line said its second-quarter profit rose to $23.9 million, or 64 cents a share, from $22.5 million, or 60 cents, a year ago.
July 24, 2008Rush Enterprises’ 2Q Earnings Fall
Truck dealership Rush Enterprises’ first-quarter net income fell to $6.1 million, or 16 cents a share, down from $13 million, or 34 cents, a year ago.
July 24, 2008Con-way’s Second-Quarter Income Gains
Con-way Inc. said its second-quarter net income increased to $48.7 million, or $1.02 per share, from $46.4 million, or 96 cents, a year earlier.
July 24, 2008Existing Home Sales Fall 2.6% in June
Existing homes sales fell in June to the lowest level in a decade, the National Association of Realtors said Thursday.
July 24, 2008Hub Group Reports Higher 2Q Earnings
Third-party logistics company and freight broker Hub Group’s second-quarter net income rose to $15 million, or 40 cents a share, from $13.8 million, or 35 cents, a year ago.
July 24, 2008Union Pacific’s 2Q Profit Jumps 19%
Union Pacific Corp. said Thursday its second-quarter profit rose 19%, on higher demand for agricultural transportation.
July 24, 2008Knight Reports Lower 2Q Earnings
Truckload carrier Knight Transportation’s second-quarter profit fell to $12.7 million, or 15 cents a share, from $18.2 million, or 21 cents, a year ago.
July 24, 2008Pa. Submits Revised Plan on I-80 Tolls
Pennsylvania officials have resubmitted an application to install tolls on Interstate 80 and hope to win federal approval to have as many as 10 tollbooths on the 311-mile highway by 2010, the Philadelphia Inquirer reported Thursday.
July 24, 2008