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.
Commercial Vehicle Group Narrows First-Quarter Loss
Commercial Vehicle Group narrowed its first-quarter to loss to $500,000, or 2 cents per share, from $4.6 million, or 16 cents, a year ago.
May 6, 2014QuickBooks 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.
Ceva Logistics Reports Higher First-Quarter Earnings
Ceva Logistics, a Netherlands-based logistics operator, said its first-quarter results improved over 2013.
May 6, 2014Trade Gap Shrinks in March by 3.6% to $40.4 Billion
The trade deficit narrowed in March by 3.6% to $40.4 billion from the prior month’s $41.9 billion, the Commerce Department reported.
May 6, 2014Orbcomm to Launch Six Next-Generation Satellites
Asset-tracking provider Orbcomm Inc. said it will launch six of its next-generation OG2 satellites from Cape Canaveral Air Force Base in Florida.
May 6, 2014April Class 8 Orders Rise 5%
Class 8 truck orders rose 5% in April as demand for new equipment continued to increase from year-ago levels, ACT Research Co. said.
May 5, 2014FedEx Freight to Raise Fuel Surcharge
FedEx Corp. said its subsidiary less-than-truckload unit FedEx Freight will increase its published fuel surcharge by 3 percentage points.
May 5, 2014Quality Distribution’s First-Quarter Income Declines
Quality Distribution Inc. reported its first-quarter net income declined in part on severe weather conditions.
May 5, 2014James Oberstar Dies; Was Former House Transportation and Infrastructure Chairman
Former House Transportation and Infrastructure Chairman James Oberstar died May 3. He was 79.
Intermodal Shipments Rise 2.6%, IANA Reports
The Intermodal Association of North America said that intermodal volume in the first quarter rose 2.6% in spite of winter weather that slowed economic activity.
May 5, 2014Gasoline Rises to $3.722 a Gallon in Lundberg Survey
The average price for regular gasoline rose 3.07 cents in the past two weeks to $3.722 a gallon, according to Lundberg Survey Inc.
May 5, 2014