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, Government

Philadelphia Factory Index Declines

Manufacturing growth in the Philadelphia area slowed in July, the Federal Reserve Bank of Philadelphia said.

July 19, 2007
Business

Vitran’s Profit Dips in Second Quarter

Vitran Corp. said Thursday its second-quarter profit was $5.5 million or 41 cents a share, down from $5.8 million or 45 cents a year ago.

July 19, 2007
Government, Business

Leading Economic Indicators Fall

An index of leading economic indicators fell 0.3% in June, the New York-based Conference Board said Thursday.

July 19, 2007
Business, Logistics

Union Pacific’s 2Q Earnings Jump

Freight railroad Union Pacific Corp.’s second-quarter earnings jumped 14% to $446 million or $1.65 a share, from $390 million or $1.44 a year ago.

July 19, 2007
Business, Technology, Equipment, Safety

Landstar’s 2Q Profit Rises

Truckload carrier Landstar System said Thursday its second-quarter net income rose to $29.7 million or 53 cents a share, from $29.5 million or 50 cents a year ago.

July 19, 2007
Business

Con-way’s 2Q Income Falls

Con-way Inc.’s second-quarter net income fell to $46.4 million or 96 cents a share, from $68.9 million or $1.30 a year ago.

July 19, 2007
Business, Safety, Government

Knight’s Second-Quarter Earnings Improve

Truckload carrier Knight Transportation’s second-quarter profit rose to $18.2 million or 21 cents a share, from $18.1 million or 21 cents a year ago.

July 19, 2007
Business

Jobless Claims Decline for Week

Initial jobless claims fell by 8,000 last week to 301,000, the Labor Department said Thursday.

July 19, 2007
Business

Rush’s 2Q Profit Dips

Truck dealership Rush Enterprises’ second-quarter earnings dipped to $13 million or 51 cents a share, from $14.9 million or 59 cents a year earlier.

July 19, 2007
Business

N.Y.C. Congestion-Fee Plan May Be Revived

Just three days after it was apparently killed, New York lawmakers were on the brink of reaching a deal to pass a measure that would impose “congestion fees” on cars and trucks operating in downtown New York City, the New York Daily News reported Thursday.

July 19, 2007