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.
YRC Reports Loss for 4Q, Year
YRC Worldwide said late Thursday it lost $244 million in the fourth quarter and close to $1 billion last year.
January 30, 2009Saia’s 4Q Income Declines
Saia Inc. said Friday its fourth-quarter earnings fell to $1.4 million, or 10 cents a share, from $2 million, or 15 cents, a year ago.
January 30, 2009Fourth-Quarter GDP Declines 3.8%
The U.S. economy contracted 3.8% in the fourth quarter, the biggest drop since 1982, though it grew for the year, the Commerce Department said Friday.
January 30, 2009J.B. Hunt’s Fourth-Quarter Income Declines
Truckload carrier J.B. Hunt Transport Services said Thursday its fourth-quarter net income fell to $53.3 million, or 41 cents a share, from $54.3 million, or 42 cents, a year ago.
January 30, 2009Consumer Confidence Improves in January
U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s final monthly consumer sentiment index released Friday.
January 30, 2009Chicago Manufacturing Index Declines
Manufacturing activity in the Chicago region contracted in January for a fourth straight month, the National Association of Purchasing Management said Wednesday.
January 30, 2009Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Jan. 24 from a year ago, the Association of American Railroads said.
January 29, 2009Velocity Express Reports 2Q Loss
Velocity Express Corp. reported it lost $9.1 million, or $3.36 a share, in its fiscal second quarter, compared with a loss of $8.9 million, or $3.82, a year earlier.
January 29, 2009NAFTA Surface Trade Falls 13.8% in November
Surface trade among the United States, Canada and Mexico fell 13.8% in November from a year earlier, the Department of Transportation said Thursday.
January 29, 2009ODFL’s Fourth-Quarter Income Declines
Old Dominion Freight Line said its fourth-quarter net income fell 29.7% to $11 million, or 30 cents a share, from $15.7 million, or 42 cents, a year ago.
January 29, 2009