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.
Opinion: Choosing Truck-Driving Instructors
Last January, our company launched an “instructor-of-the month” program. We began by inviting directors of truck-driver training programs to nominate individuals, and then we interviewed the winning instructors.
February 12, 2009Consumer Confidence Index Declines
U.S. consumer confidence declined this month, according to the Reuters/University of Michigan’s final monthly consumer sentiment index released Thursday.
February 12, 2009Retail Sales Rise 1% in January
Retail sales rose 1% in January, halting a six-month slide, the Commerce Department said Thursday.
February 12, 2009Jobless Claims Decline for Week
Initial jobless claims fell last week and continuing claims reached a new record the previous week, the Labor Department said Thursday.
February 12, 2009Business Inventories See Largest Decline Since 2001
Business inventories fell 1.3% in December, the fourth consecutive month of decline and the largest drop since 2001, the Commerce Department said Thursday.
February 12, 2009Pacer Reports Loss for 4Q, Year
Transportation and third-party logistics firm Pacer International said late Wednesday it took a fourth-quarter loss of $65.1 million, or $1.87 a share, compared with a profit of $20.6 million, or 59 cents, a year earlier.
February 11, 2009DOT Freight Transportation Index Falls 3%
The Department of Transportation’s freight transportation services index declined 3% in December from a year earlier, DOT said Wednesday.
February 11, 2009Rush Reports Lower 4Q Profit
Truck dealership Rush Enterprises said its fourth-quarter net income fell to $5.1 million, or 14 cents a share, from $12.3 million, or 32 cents, a year ago.
February 11, 2009Wright Express Reports Higher 4Q Income
Wright Express Corp. said Wednesday its fourth-quarter earnings rose to $65.2 million, or $1.66 a share, from $4.6 million, or 11 cents, a year ago.
February 11, 2009Express-1 Reports Higher 4Q Profit
Express-1 Expedited Solutions’ fourth-quarter profit rose to $587,000, from $457,000 a year ago, while its per-share income held at 2 cents.
February 11, 2009