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.
Construction Spending Rises in September
Construction spending edged up 0.2% in September, the second straight monthly increase, the Commerce Department said Tuesday.
November 1, 2011Expeditors’ Third-Quarter Profit Improves
Logistics firm Expeditors International of Washington said Tuesday its third-quarter profit rose 11% to $107 million, or 50 cents a share, from $96 million, or 44 cents, a year ago.
November 1, 2011FMCSA Streamlines Registration Process
The Federal Motor Carrier Safety Administration has issued a revised proposal to streamline the agency’s registration process for motor carriers, brokers and freight forwarders — and eventually help the agency identify so-called “chameleon” operators.
TransForce’s 3Q Earnings Decline
TransForce Inc.’s third-quarter net income declined to C$19.3 million, or 20 cents a share, from C$24.7 million, or 26 cents, a year earlier, the Montreal-based trucking and logistics company said Tuesday.
November 1, 2011Oshkosh’s Income Down for 4Q, Year
Oshkosh Corp. said Tuesday its fiscal fourth-quarter profit slipped from a year ago as sales of military and emergency vehicles sales slowed.
November 1, 2011Goodyear’s 3Q Income, Sales Reach Record
Goodyear Tire & Rubber Co. said its third-quarter net income and sales rose to records.
October 31, 2011Frozen Food Express’ 3Q Loss Grows
Frozen Food Express Industries said its third-quarter loss increased from a year ago.
October 31, 2011Vitran Posts Third-Quarter Loss
Vitran Corp. on Monday reported a third-quarter loss, compared with a profit a year ago.
October 31, 2011Dana’s 3Q Income More Than Doubles
Component maker Dana Holding Corp. said its third-quarter income more than doubled on higher sales, and the company boosted its full-year earnings outlook.
October 31, 2011Cooper Tire’s 3Q Income Declines
Cooper Tire & Rubber Co. said its third-quarter earnings fell to $17 million, or 27 cents a share, from $45 million, or 71 cents, a year ago.
October 31, 2011