Trucking 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.
ArvinMeritor’s Fiscal First-Quarter Earnings Decline
Components maker ArvinMeritor Inc. said its fiscal first-quarter earnings fell to $7 million or 10 cents a share, from $34 million or 49 cents a year earlier, as it said it faced challenges from the automotive, light-duty and heavy-duty truck segments.
January 30, 2007Canadian Pacific Reports Higher Fourth-Quarter Income
Canadian freight railroad Canadian Pacific’s fourth-quarter net income was C$145.6 million or 92 cents a share, up from $137.1 million or 86 cents a year earlier.
January 30, 2007Freightliner to Cut About 2,000 Jobs in Oregon, North Carolina
Truck manufacturer Freightliner LLC plans to lay off about 800 of its 1,700 workers in Portland, Ore., and stop making Freightliner trucks in that city, the Associated Press reported.
January 29, 2007Cummins Reports Record Sales for 4Q, 2006
Diesel engine maker Cummins Inc. Monday reported record sales and earnings for the fourth quarter and full-year 2006, with sales topping $3 billion in the quarter for the first time.
January 29, 2007Quality Distribution Lowers Fourth-Quarter Forecast
Tank truck carrier Quality Distribution lowered its earnings guidance for the fourth quarter and full-year 2006, due to lower seasonal demand.
January 29, 2007TMW President Says Slowdown Not Expected for ’07 Sales
The president of trucking software provider TMW Systems said he does not expect a slowdown in sales this year, even as some trucking companies face a downturn in demand for freight-hauling services.
January 29, 2007Sysco’s Fiscal Second-Quarter Net Income Rises
Food-services provider Sysco Corp. said Monday its fiscal second-quarter net income rose 16% to $236.7 million or 38 cents a share, from $204.2 million or 33 cents a year earlier.
January 29, 2007E&MU: Coping With ’07 Emission Systems
The maintenance managers of two vehicle leasing companies expect few problems in their shops as the truck-operating industry shifts to the next generation of lower-emission diesel engines.
January 29, 2007Technology Briefs — Jan. 23 - Jan. 29
Prophesy Says Software Sales Increased 40% • Altfuels Face Difficult Economics, Journal Says • Horizon to Use RFID for Alaska Shipments
January 29, 2007J.B. Hunt’s Fourth-Quarter Earnings Dip; Full-Year Improves
Truckload carrier J.B. Hunt Transport Services said Monday it earned $57.8 million or 39 cents a share in the fourth quarter, a decline from $65.3 million or 41 cents a year ago.
January 29, 2007Follow Us
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