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

Daimler Appoints Bernhard to Succeed Renschler as Head of Trucks Unit

Daimler AG said Thursday that Wolfgang Bernhard will become the new head of Daimler Trucks, effective April 1, succeeding Andreas Renschler, who will move to the company’s Mercedez-Benz auto unit.

February 21, 2013

Infographic: Ryder’s Foundation for a Successful Freight Brokerage

Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.

Business

Unions Ratify Agreement With SoCal Ports

Unions for workers at the Southern California ports of Los Angeles and Long Beach have approved a contract that will run through 2016.

February 21, 2013
Business

Quality’s Fourth-Quarter Income Rises

Tank truck carrier Quality Distribution said its fourth-quarter profit rose from a year ago on stronger energy logistics and intermodal business.

February 21, 2013
Business

Wal-Mart’s 4Q Income Improves; Retailer Issues Cautious Outlook

Wal-Mart Stores said Thursday its fourth-quarter net income rose 8.6% from a year ago, but the retail giant issued a cautious 2013 outlook.

February 21, 2013
Business

States Issue Warnings as Big Winter Storm Bears Down on Plains, Midwest

Officials issued winter storm warnings from Colorado through Illinois Thursday, with as much as a foot of snow expected in some states, the Associated Press reported.

February 21, 2013
Business

Mullen Group’s 4Q Income Falls

Canadian transportation firm Mullen Group said its fourth-quarter profit decreased 54% on reduced revenue from its oil-field services segment.

February 21, 2013
Business, Equipment

Dana’s Fourth-Quarter Profit Improves

Truck and auto component maker Dana Holding Corp. said Thursday its fourth-quarter profit rose from a year ago, though its revenue declined.

February 21, 2013
Business

Philadelphia Manufacturing Activity Contracts

Manufacturing activity in the Philadelphia region contracted in February, the Federal Reserve Bank of Philadelphia said Thursday.

February 21, 2013
Business

Leading Economic Indicators Rise in January

An index of leading economic indicators rose 0.2% in January, the New York-based Conference Board said Thursday.

February 21, 2013
Business

Existing Home Sales Rise in January

Existing home sales rose 0.4% in January, the National Association of Realtors said Thursday.

February 21, 2013