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, Fuel

Oil Finishes Week Above $97 a Barrel

Oil prices finished above $97 a barrel on Friday, and finished the week higher for the eighth straight week, the longest string in more than eight years, Bloomberg News reported.

February 1, 2013

Best Trucking Software 2024

For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.

Business

USA Truck Reports Fourth-Quarter Loss

USA Truck reported a fourth-quarter loss of $3.1 million, or 30 cents per share, compared with a loss of $4.4 million, or 42 cents, a year ago.

February 1, 2013
Business

Construction Spending Rises 0.9% in December

Construction spending rose 0.9% in December, the Commerce Department said Friday.

February 1, 2013
Business, Logistics

Consumer Confidence Rises in January

Consumer confidence rose in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

February 1, 2013
Business, Logistics

Intermodal Traffic Rises 1.6% for Week

U.S. rail intermodal traffic rose 1.6% last week over the same week a year ago, the Association of American Railroads said.

February 1, 2013
Government, Business

NAFTA Surface Trade Rises 6.2% in November

Surface trade among the United States, Canada and Mexico was 6.2% higher in November than the same month a year earlier, the Department of Transportation reported.

February 1, 2013
Business

Paccar’s 4Q Profit Slips; Full-Year Revenue Rises to Record

Paccar Inc. said Thursday its fourth-quarter profit declined from a year ago, but its annual revenue rose to a company record.

January 31, 2013
Business

UPS Reports 4Q Loss on Retirement-Plan Charge; Posts Adjusted Profit for Quarter

UPS Inc. reported a fourth-quarter net loss on a $3 billion retirement-plan charge but posted an adjusted operating profit for the period.

January 31, 2013
Business

Knight’s 4Q, Full-Year Income Improve

Knight Transportation’s fourth-quarter profit rose slightly from a year ago, while revenue improved by more than 8%, the truckload carrier said.

January 31, 2013
Business

Landstar’s 4Q Earnings Increase

Truckload carrier Landstar System said its fourth-quarter earnings rose, despite inconsistent demand.

January 31, 2013