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, Fuel, Government

Diesel Dips 3.3 Cents to $2.43; Gasoline Falls to $2.165

The average price of retail diesel fuel fell 3.3 cents to $2.43 a gallon, the Department of Energy said Monday.

January 23, 2007

QuickBooks for Trucking: Connecting QuickBooks to Your TMS

Learn how Truckbase connects QuickBooks for trucking and your TMS to help you marry your trucking-specific data in your TMS with your financial data in QuickBooks.

Business

BNSF Reports Higher Income, Revenue for 4Q, Year

Burlington Northern Santa Fe Corp.’s fourth-quarter profit jumped 21% to $519 million or $1.42 a share, from $430 million or $1.13 a year earlier, the railroad said Tuesday.

January 23, 2007
Business, Logistics

CSX Reports Improved Fourth-Quarter Income, Revenue

Eastern freight railroad CSX Corp. reported fourth-quarter earnings of $347 million or 75 cents a share, up from $237 million or 52 cents a year earlier.

January 23, 2007
Business, Autonomous

Analysts See Downturn in 4Q Trucking Company Earnings

Analysts expect mostly lackluster fourth-quarter earnings from trucking companies, since the industry's annual peak season never materialized and demand further waned amid a general economic slowdown, the Associated Press reported.

January 23, 2007
Business, Logistics

Union Pacific, Norfolk Southern Set Expanded Intermodal Service

Freight railroads Union Pacific Railroad and Norfolk Southern Railway said Tuesday that they will launch a new intermodal train service in February that will add rail capacity and expand intermodal rail service between Los Angeles and the Southeast.

January 23, 2007
Business

Covenant Transport Expects to Report Fourth-Quarter Loss

Truckload carrier Covenant Transport said it expects to report a net loss between 5 cents and 10 cents a share for the fourth quarter.

January 22, 2007
Business, Equipment

Eaton’s Earnings Rise 15% for Fourth Quarter

Vehicle parts manufacturer Eaton Corp. said Monday that its fourth-quarter earnings rose nearly 15% from a year ago.

January 22, 2007
Business, Safety, Government

Swift Founder Jerry Moyes to Buy Company for $2.74 Billion

Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.

January 22, 2007
Business

Navistar Finalizes $1.5 Billion Loan Agreement

Navistar International Corp. said Monday that it signed its previously announced $1.5 billion loan agreement.

January 22, 2007
Business, Government

Gasoline Prices Fall 14 Cents in Two Weeks, Lundberg Says

Average U.S. retail gasoline prices fell 14 cents over the past two weeks to $2.18 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.

January 22, 2007