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, Technology, Equipment, Safety

Iteris’ Income Falls for Fiscal 2Q

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal second-quarter profit decreased from a year ago.

October 22, 2009

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Business

BNSF’s 3Q Income Falls 29.8%

Burlington Northern Santa Fe Corp. said its third-quarter profit fell 29.8% as shipping volumes dropped.

October 22, 2009
Business

USA Truck Reports 3Q Loss

Truckload carrier USA Truck reported a third-quarter loss of $1.6 million, or 16 cents per share, compared with net income of $2.4 million, or 23 cents, a year ago.

October 22, 2009
Business

Rush Reports Third-Quarter Loss

Truck dealership Rush Enterprises said that ist third-quarter profit was $3 million, or 8 cents a share, compared with $8 million, or 21 cents, in the same quarter last year.

October 22, 2009
Business, Government

Leading Economic Indicators Rise for Sixth Month

An index of leading economic indicators rose 1% in September, marking the sixth straight increase, the New York-based Conference Board said Thursday.

October 22, 2009
Business

Initial Jobless Claims Increase for Week

Initial jobless claims climbed last week, the Labor Department said Thursday.

October 22, 2009
Business, Government, Safety

Caterpillar Announces Next CEO

Heavy equipment manufacturer Caterpillar Inc. said Thursday that Douglas Oberhelman will become its chief executive officer in July 2010.

October 22, 2009
Business, Technology, Equipment, Safety

Ryder’s Third-Quarter Income Declines

Ryder System said Thursday its third-quarter profit fell to $24 million, or 43 cents a share, from $70.2 million, or $1.24, a year earlier.

October 22, 2009
Business

Old Dominion’s Second-Quarter Profit Declines

Old Dominion Freight Line said Thursday its third-quarter profit fell 55.1% to $10.5 million, or 28 cents per share, from $23.4 million, or 63 cents, a year ago.

October 22, 2009
Business

UPS’ Third-Quarter Income Drops 43.4%

UPS Inc. said Thursday its second-quarter profit fell 43.4% to $549 million, or 55 cents a share, from $970 million, or 96 cents, a year ago.

October 22, 2009