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.
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, 2013Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
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, 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, 2013Ryder’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, 2013Chicago Manufacturing Activity Expands
Manufacturing activity in the Chicago area expanded in January, the Institute for Supply Management-Chicago said Thursday.
January 31, 2013Covenant 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, 2013Personal 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, 2013Initial Jobless Claims Rise for Week
Initial jobless claims increased by 38,000 last week, the Labor Department said Thursday.
January 31, 2013Daimler Trucks to Cut 1,300 North American Production Jobs
Daimler Trucks plans to cut as many as 2,100 jobs worldwide to improve profitability, including as many as 1,300 production jobs in North America, Bloomberg News reported Wednesday.
January 30, 2013