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.
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, 2013Westport 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, 2013ABF 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, 2013Con-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, 2013Roadrunner’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, 2013Fleet 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, 2013Wabash’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, 2013Westport 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, 2013Consumer Price Index Rises in September
The consumer price index rose 0.2% in September, the Labor Department said Oct. 30.
October 30, 2013Saia’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