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.
Swift Posts Higher 3Q Profit
Swift Transportation Co. said its third-quarter net income climbed to $50.2 million, or 35 cents per share, from $30 million, or 21 cents, a year earlier.
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Forward Air’s 3Q Income Improves
Forward Air Corp.’s third-quarter net income rose to $16.7 million, or 54 cents a share, from $14.2 million, or 46 cents, a year ago.
Intermodal Rail Traffic Rises 5.4% This Year
For the first 42 weeks, U.S. intermodal volume has increased 5.4% from the same period last year, to 10.9 million units, the Association of American Railroads reported.
October 24, 2014Telogis, Isuzu Set Telematics Partnership
Telematics provider Telogis said it is collaborating with Isuzu to develop connected-vehicle products and services for the medium-duty truck maker.
Pegasus TransTech Adds New Truck-Stop Scanning Service
Technology supplier Pegasus TransTech said it is offering a new service, Transflo On-Demand, which enables drivers to print, fax or email documents through its nationwide truck-stop scanning network.
October 24, 2014Universal Truckload’s Earnings Decline in 3Q
Universal Truckload Services Inc.’s third-quarter earnings slipped to $13.1 million, or 44 cents per share, from $13.7 million, or 46 cents, a year ago.
Hub Group’s 3Q Income Declines on Charges
Hub Group Inc. said its third-quarter income declined due to driver-settlement and software-development charges.
Union Pacific’s Income Rises to $1.37 Billion
Union Pacific Corp.’s third-quarter net income rose to $1.37 billion, or $1.53 per share, from $1.15 billion, or $1.24, during the same time last year.
October 23, 2014Transplace Releases Supply Chain Optimization Platform
Transplace said it has released a new technology platform designed to streamline distribution networks and reduce transportation costs.
October 23, 2014Nafta Trade Rises 4.4%
U.S. trade with Canada and Mexico rose 4.4% in August to $100.6 billion from a year ago, the Department of Transportation reported Oct. 23.