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.
Initial Jobless Claims Fall 24,000 for Week
Initial jobless claims dropped last week by 24,000 to 398,000, the lowest level since April, the Labor Department said Thursday.
July 28, 2011Infographic: 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.
Knight Transportation’s 2Q Income Improves
Knight Transportation said late Wednesday its second-quarter profit rose from a year ago on stronger truckload markets and improvement in its brokerage business.
July 27, 2011P.A.M.’s Second-Quarter Earnings Decline
Truckload carrier P.A.M. Transportation Services said Wednesday its second-quarter profit declined from a year ago.
July 27, 2011Economy, Transport Services Shows Mixed Activity, Fed Says
The Federal Reserve said Wednesday that the U.S. economy grew at a slower pace in more areas of the country in the six weeks through mid-July, while trucking and transportation services showed mixed activity.
July 27, 2011Daimler’s 2Q Income, Truck Sales Rise
Daimler AG said Wednesday its trucks unit’s second-quarter operating profit jumped 58% from a year ago, to $685 million.
July 27, 2011Celadon’s 4Q Profit Doubles; Full-Year Profit Jumps
Celadon Group’s fiscal fourth-quarter net income more than doubled to $5.5 million, or 24 cents per share, from $2.7 million, or 12 cents, a year ago.
July 27, 2011Rush Enterprises’ Income, Sales Jump on Higher Truck Sales
Truck dealership firm Rush Enterprises’ second-quarter profit more than doubled, as its truck sales jumped.
July 27, 2011Ryder’s Second-Quarter Net Income Improves
Ryder System said Wednesday its second-quarter profit increased from a year ago and raised its earnings forecast for the rest of 2011.
July 27, 2011Norfolk Southern’s 2Q Profit Jumps
Norfolk Southern Corp.’s second-quarter profit jumped 42 percent from the same quarter last year, the Eastern freight railroad reported.
July 27, 2011Saia Reports Higher 2Q Profit
Saia Inc. said Wednesday its second-quarter net income rose from a year ago on higher revenue, improved pricing and increased tonnage.
July 27, 2011