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.
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, 2008Vitran’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, 2008P.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, 2008Navteq’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, 2008Intermodal 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, 2008Wright 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, 2008Hub 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, 2008Jobless Claims Decline by 22,000
Initial jobless claims fell by 22,000 for the week ended Saturday, the Labor Department said Thursday.
February 7, 2008Xata’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, 2008Commercial 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