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.
Goodyear’s 2Q Profit Improves as Sales Reach Record
Goodyear Tire & Rubber Co. said its second-quarter profit as sales jumped 24% to a quarterly record.
August 3, 2011Echo Global Logistics’ 2Q Profit Rises
Echo Global Logistics said its second-quarter profit grew 50.3% to $2.9 million, or 13 cents per share, compared with $1.9 million, or 9 cents, a year ago.
August 3, 2011American Axle Reports Higher 2Q Profit
American Axle & Manufacturing Holdings said its second-quarter profit rose to $49.2 million, or 65 cents per share, from $25.4 million, or 34 cents, a year ago.
August 3, 2011ATRI Survey Seeks to Gauge Trucking Industry’s Top Concerns
The American Transportation Research Institute has released its annual survey to gauge the trucking industry’s top concerns.
August 2, 2011Expeditors’ Second-Quarter Profit Improves
Logistics firm Expeditors International of Washington said Tuesday its second-quarter profit rose 5% to $95 million, or 44 cents a share, from $90.3 million, or 42 cents, a year ago.
August 2, 2011Long Beach Freeway Scheduled for August Closures
Interstate 710, known as the Long Beach Freeway, is the latest major Southern California traffic corridor to experience partial night closures this month due to construction work.
Meritor Swings to Fiscal 3Q Profit
Components maker Meritor Inc. Tuesday reported a third-quarter profit compared with a loss a year ago, as its commercial truck unit sales rose.
August 2, 2011NAFTA Surface Trade Rises 15.7% in May
Surface trade among the United States, Canada and Mexico rose 15.7% in May from a year ago, the Department of Transportation said Tuesday.
August 2, 2011Roadrunner Buys Calif. Intermodal Firm
Roadrunner Transportation Systems said it has acquired The James Brooks Co., a provider of intermodal transportation and related services to the California ports of Oakland and Los Angeles/Long Beach.
August 2, 2011Arkansas Best Swings to 2Q Profit
Arkansas Best Corp. Tuesday reported a second-quarter profit compared with a loss a year ago on stronger freight tonnage and pricing.
August 2, 2011