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.
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, 2013Best 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.
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, 2013Construction Spending Rises 0.9% in December
Construction spending rose 0.9% in December, the Commerce Department said Friday.
February 1, 2013Consumer Confidence Rises in January
Consumer confidence rose in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 1, 2013Intermodal 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, 2013NAFTA 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, 2013Paccar’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, 2013UPS 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, 2013Knight’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, 2013Landstar’s 4Q Earnings Increase
Truckload carrier Landstar System said its fourth-quarter earnings rose, despite inconsistent demand.
January 31, 2013