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

Old Dominion’s First-Quarter Income Rises

Old Dominion Freight Line said Thursday its first-quarter income and revenue increased from a year ago.

April 25, 2013
Business

Initial Jobless Claims Fall for Week

Initial jobless claims fell by 16,000 last week, the Labor Department said Thursday.

April 25, 2013
Business

Covenant Reports First-Quarter Loss

Covenant Transportation Group reported a first-quarter loss, citing difficult weather conditions and fewer business days than the prior period.

April 25, 2013
Business

Mullen Group’s Profit Declines

Canadian transportation firm Mullen Group said its first-quarter profit decreased 24.5% on reduced revenue from its oilfield services segment.

April 25, 2013
Business

Pacer Swings to First-Quarter Profit

Pacer International reported a first-quarter profit but its intermodal and logistics revenue declined from a year ago.

April 25, 2013
Business

Knight Transportation’s Profit Improves

Knight Transportation said its first-quarter profit improved despite a “challenging operating and economic environment” and industrywide concerns over finding qualified drivers.

April 25, 2013
Business, Logistics

Schneider Launches Bulk Intermodal Service

Schneider National Bulk Carriers said it has launched a bulk intermodal transportation service utilizing a new 40-foot tank container that can be used on trucks or trains to haul liquid bulk chemicals across the United States.

April 24, 2013
Business

Volvo, Mack Introduce Transmission Fluids for Their AMTs

Volvo Trucks and Mack Trucks both introduced new transmission fluids this week for their automated manual transmissions.

April 24, 2013
Business

Daimler Says Its 1Q Truck Sales Fall; Sees ‘Slight Increase’ in Full-Year Sales

Daimler AG said Wednesday its first-quarter North American truck sales slipped 3%, while its worldwide truck unit sales fell by 6%.

April 24, 2013
Government, Business

Congress Needs to Do More to Address Freight Transportation, Trucking Executive Tells House Committee

A trucking executive told a House committee Wednesday that Congress needs to address the needs of the trucking industry by dedicating real funding to addressing freight transportation needs and by improving the efficiency and productivity of the industry.

April 24, 2013