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

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, 2009
Business

Saia’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, 2009
Government, Business

Fourth-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, 2009
Business

J.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, 2009
Business, Government

Consumer 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, 2009
Government, Business, Logistics

Chicago 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, 2009
Business, Safety

Rail, 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, 2009
Business

Velocity 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, 2009
Business, Safety, Government

NAFTA 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, 2009
Business

ODFL’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