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, 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

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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
Business

Ryder’s Fourth-Quarter Income Improves

Ryder System’s fourth-quarter profit rose to $53.8 million, or $1.05 per share, from $48.1 million, or 93 cents, a year ago.

January 31, 2013
Business

Chicago Manufacturing Activity Expands

Manufacturing activity in the Chicago area expanded in January, the Institute for Supply Management-Chicago said Thursday.

January 31, 2013
Business

Covenant Transportation Swings to 4Q Profit

Covenant Transportation Group reported fourth-quarter net income of $1.5 million, or 10 cents a share, turning around a net loss of $2.2 million, or 76 cents, a year earlier.

January 31, 2013
Business

Personal Spending Rises in December

Personal spending rose 0.2% in December as incomes rose by the most in eight years, the Commerce Department said Thursday.

January 31, 2013