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

YRC Worldwide’s 1Q Loss Widens

YRC Worldwide Inc. said May 1 its first-quarter loss nearly tripled due to factors such as winter weather and claims costs.

Rip Watson | Special to Transport Topics
May 1, 2014

EDI for Trucking: Everything You Need to Know

Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.

Government, Business

Foxx to Talk Transportation Funding at May 7 Senate Hearing

Transportation Secretary Anthony Foxx will make his first congressional appearance next week since unveiling a four-year, $302 billion transportation proposal this week, in an effort to press lawmakers to advance a transportation bill this year.

Eugene Mulero | Senior Reporter
May 1, 2014
Business

Con-way’s 1Q Profit Falls on Weather, Tax Costs

Con-way Inc. reported its first-quarter net income slipped as higher tax expense and winter-weather challenges reduced its earnings.

May 1, 2014
Business, Equipment

Meritor Swings to 2Q Profit as Sales Rise

Meritor Inc. posted a profit for its fiscal second-quarter compared with a loss a year ago as sales rose, the company reported May 1.

May 1, 2014
Safety, Business, Logistics

CSX Derailment Could Boost Crude Train Regulation

A CSX Corp. train derailment in Lynchburg, Virginia, on April 30 that sparked a fire when crude oil tanks ignited could increase pressure on regulators, railroads and tank-car owners to improve oil shipment safety.

May 1, 2014
Business

Roadrunner’s 1Q Net Income Slips Slightly

Roadrunner Transportation Systems’ first-quarter net income slipped 1.6% to $10.4 million, or 27 cents per share, from $10.6 million, or 29 cents, as severe weather damaged profits.

May 1, 2014
Business

Manufacturing Expands by Most This Year

The Institute for Supply Management’s factory index rose to 54.9 in April from the prior month’s 53.7, the largest expansion this year, the Tempe, Arizona-based group’s report showed May 1.

May 1, 2014
Business

Construction Spending Rises 0.2% in March

Construction spending rose 0.2% in March, the Commerce Department reported May 1.

May 1, 2014
Government, Business

Consumer Spending Rises by Most Since 2009

Personal spending rose 0.9% in March, the most since August 2009, the Commerce Department reported May 1.

May 1, 2014
Business

Jobless Claims Climb to Nine-Week High

Jobless claims rose by 14,000 to 344,000 in the period ended April 26, the highest level since Feb. 22, the Labor Department reported.

May 1, 2014