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

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

Best 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.

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
Business

Initial Jobless Claims Rise for Week

Initial jobless claims increased by 38,000 last week, the Labor Department said Thursday.

January 31, 2013
Business

Daimler 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