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.

Government, Business, Technology, Equipment, Safety

Jobless Claims Decline by 10,000 as California Clears Backlog

Jobless claims declined by 10,000 for the week ended Oct. 26 as backlogs in California cleared after a switch in computer systems, Bloomberg News reported.

October 31, 2013
Business

Westport to End Orders for 15L Nat-Gas Engine in November

Westport Innovations Inc. will stop taking customer orders for its 15-liter liquefied natural gas engines in November, the company said in its Oct. 30 earnings report.

October 31, 2013
Business

ABF Teamsters Accept Contract After Strike Authorization Vote Fails

The Teamsters union said its committee for negotiating the contract with ABF Freight System Inc. voted to accept the carrier’s offer for the last remaining provision in the contract after Central Region workers voted against authorizing a strike.

October 30, 2013
Business

Con-way’s Third-Quarter Profit Rises

Con-way Inc. reported a higher third-quarter profit than the same quarter last year, and revenue was little changed.

October 30, 2013
Business

Roadrunner’s 3Q Profit Jumps 34%

Roadrunner Transportation Systems’ third-quarter profit rose 34% on growth in its truckload, less-than-truckload and specialized-segment operations, and on acquisitions.

October 30, 2013
Business

Fleet Payment Firm Wex Reports Increased 3Q Income

Fleet payment-processing company Wex Inc. said its third-quarter profit rose from a year ago.

October 30, 2013
Business, Equipment

Wabash’s Third Quarter Income Declines

Wabash National Corp. said its third-quarter income declined, but the trailer manufacturer expects a “strong demand” in the fourth quarter.

October 30, 2013
Business

Westport Narrows 3Q Loss; Cummins JV Profit Grows

Natural-gas equipment company Westport Innovations Inc. said it narrowed  its fiscal loss in the third quarter of 2013, which it called a “transition year,” while its joint venture with Cummins Inc. saw its profit increase.

October 30, 2013
Business, Government

Consumer Price Index Rises in September

The consumer price index rose 0.2% in September, the Labor Department said Oct. 30.

October 30, 2013
Business

Saia’s Profit Increases in 3Q

Less-than-truckload carrier Saia Inc. said its net income grew to $12.9 million, or 51 cents a share, in the third quarter.

October 30, 2013