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, Logistics

TransForce Reports Lower 1Q Profit

Canadian transportation firm TransForce Inc. said its first-quarter net income dropped, on persistent softness in the economy.

April 19, 2013
Business

Boston Area Locked Down as Police Search for Terrorism Suspect

Boston and its surrounding areas were in lockdown Friday as police searched for a suspect from Monday’s bombing at the Boston Marathon, news reports said.

April 19, 2013
Business, Logistics

Kansas City Southern’s 1Q Income Rises

Kansas City Southern’s first-quarter income rose to $104.2 million, or 94 cents a share, from $75.3 million, or 68 cents, a year ago.

April 19, 2013
Business, Logistics

Intermodal Traffic Rises 3.3% for Week

U.S. rail intermodal traffic rose 3.3% to 241,987 units last week, over the same week a year ago, the Association of American Railroads said.

April 19, 2013
Letters to the Editor, Government, Business, Technology, Equipment

Letters: Brokers & 3PLs, EOBR Mandate

The broker/3PL is filling an unmet need, and that is, they provide simplicity, speed and convenience. It’s not too far-fetched to think that progressive LTL carriers can provide this unmet need, but they first have to understand what the customer wants and how to fulfill it.

April 19, 2013
Business, Logistics

Hub Group Reports Record 1Q Earnings

Hub Group Inc. late Thursday reported record first-quarter earnings on higher revenue at its intermodal, logistics and truck brokerage units.

April 18, 2013
Business

YRC, Machinists Reach Tentative Agreement

YRC Worldwide said it has reached a tentative agreement with the International Association of Machinists on a new contract.

April 18, 2013
Business

Most Truck Drivers Use Truck-Specific Navigation, ATRI Study Says

The majority of truck drivers who use navigation systems use those intended for truck use, but almost a third use systems meant for passenger cars, the American Transportation Research Institute said.

April 18, 2013
Business

East, Gulf Coast Port Operators Ratify Contract

The United States Maritime Alliance, whose members operate East Coast and Gulf Coast ports, said it approved a 6-year contract with the International Longshoremen’s Association.

April 18, 2013
Business, Logistics

Union Pacific’s 1Q Profit Rises 11%

Union Pacific Corp. said Thursday its first-quarter profit rose 11%, as higher prices drove freight revenue up.

April 18, 2013