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, Safety

Truck Fatality Figures Reach Record Lows, ATA Says

Three of the primary measures of large truck safety fell to record lows in 2006, American Trucking Associations said Friday.

February 8, 2008
Business

Vitran’s Fourth-Quarter Income Declines

Vitran Corp. said Friday its fourth-quarter profit was $1.7 million, or 12 cents a share, down from $5 million, or 37 cents, a year earlier.

February 8, 2008
Business, Safety, Government

P.A.M. Reports Fourth-Quarter Loss

Truckload carrier P.A.M. Transportation Services said it lost $840,000, or 8 cents a share, in the fourth quarter, compared with net income of $4.3 million, or 41 cents, a year earlier.

February 8, 2008
Business, Safety, Government

Navteq’s Profit Jumps for Quarter, Year

Navteq Corp., a maker of maps used in transportation navigation, said its fourth-quarter profit rose to $61.9 million, or 61 cents per share, from $42.9 million, or 45 cents, a year earlier.

February 7, 2008
Business

Intermodal Declines for 4Q, Year

Intermodal freight volume fell 1.6% in the fourth quarter of 2007 compared with the previous fourth quarter, the Intermodal Association of North America said.

February 7, 2008
Government, Business

Wright Express’s 4Q Earnings Dip

Wright Express Corp. said it earned $4.6 million, or 11 cents a share, in the fourth quarter, down from $19 million, or 46 cents, the previous year.

February 7, 2008
Government, Business, Safety, Logistics

Hub Group’s Fourth-Quarter Earnings Improve

Third-party logistics company and freight broker Hub Group’s fourth-quarter profit rose 33% to a record $18 million, or 47 cents per share, up from $13.5 million, or 34 cents, a year earlier.

February 7, 2008
Business

Jobless Claims Decline by 22,000

Initial jobless claims fell by 22,000 for the week ended Saturday, the Labor Department said Thursday.

February 7, 2008
Business, Safety, Government

Xata’s Fiscal First-Quarter Loss Widens

Transportation software firm Xata Corp. said Thursday it lost $1 million, or 14 cents a share, in its fiscal first quarter, compared with a loss of $554,000, or 9 cents, a year ago.

February 7, 2008
Business

Commercial Vehicle Group Reports 4Q Loss

Commercial Vehicle Group reported it lost $3.3 million, or 15 cents a share, for the fourth quarter, compared with a profit of $11.1 million, or 51 cents, a year ago.

February 7, 2008