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.
Leading Indicators Rise for Third Month
An index of leading economic indicators rose 0.3% in September, the third consecutive increase, the New York-based Conference Board said Thursday.
October 21, 2010Philadelphia Manufacturing Index Expands
Manufacturing levels in the Philadelphia region expanded in October for the first time in three months, the Federal Reserve Bank of Philadelphia said Thursday.
October 21, 2010Union Pacific’s 3Q Earnings Rise 51%
Union Pacific Corp. said Thursday its third-quarter net income rose 51% compared with the same quarter last year, to $778 million, or $1.56 a share.
October 21, 2010Jobless Claims Drop for Week
Initial jobless claims fell by 23,000 last week, the Labor Department said Thursday.
October 21, 2010Forward Air Reports Higher 3Q Income
Forward Air Corp. said late Wednesday its third-quarter net income rose to $8.9 million, or 31 cents per share, from $3.8 million, or 13 cents, a year ago.
October 20, 2010Knight Transportation’s 3Q Income Rises 27%
Truckload carrier Knight Transportation said Wednesday its third-quarter profit rose 27% as performance in all of its business lines improved.
October 20, 2010Eaton’s Third-Quarter Profit Jumps 39%
Auto and truck components maker Eaton Corp. boosted its full-year earnings forecast as its third-quarter profit jumped 39%.
October 20, 2010Maine, Vermont Truck Groups to Push For Permanent Weight Exemption
Supporters of a White House-backed push to grant Maine and Vermont a permanent exemption from the 80,000-pound truck weight limit on interstate highways said they will make a second attempt to persuade Congress to act before a pilot program expires on Dec. 16.
October 20, 2010Hub Group’s Third-Quarter Earnings Grow
Logistics and intermodal firm Hub Group’s third-quarter profit jumped 28.3% to $12.6 million, or 34 cents a share, from $9.8 million, or 26 cents, a year ago.
October 20, 2010Marten’s 3Q Profit Jumps 57.9%
Marten Transport said its third-quarter profit 57.9% as its logistics and regional revenue improved.
October 20, 2010