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.
Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition
Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.
ATA Chairman Dave Manning
TCW President Dave Manning became chairman of American Trucking Associations on Oct. 24, 2017. Here's a look at Manning and his Nashville, Tenn.-based company.
October 27, 2017Dave Manning Brings Work Ethic, Diplomacy to Role as ATA Chairman
NASHVILLE, Tenn. — People who know him say Dave Manning works hard, is extremely disciplined and comfortable with detail, eager to teach and a man who knows his mind yet appreciates the value of a mutually beneficial deal. Now he has the biggest platform of his life to put those qualities to use as the newly installed chairman of American Trucking Associations.
Tennessee, TCW Showed Resolve After Historic Flooding in 2010
NASHVILLE, Tenn. — As the Cumberland River flows westward through Music City toward the Ohio River, it usually is a shimmering, soothing companion to many of the city’s historic and tourist sites, but in early May 2010 it was anything but that.
Manning Chose Trucking Over Dentistry
NASHVILLE, Tenn. — Betsy Manning was a bit unsure about a life in trucking during the early days of her marriage with Dave Manning, the incoming chairman of American Trucking Associations. But she’s acquired a taste for it during their run of nearly five decades together.
Saia Overcomes Hurricanes Harvey, Irma to Post 4.2% Profit in 3Q
TFI Income Falls Despite Revenue Rise
Montreal-based truckload carrier TFI International Inc. reported third quarter net income of C$48.8 million, down nearly 9% from $53.5 million in the same period a year ago.
October 27, 2017Universal Logistics Holdings Reports First Loss Since Going Public in 2006
One week after Universal Logistics Holdings Inc. warned investors to expect a sizable hit to earnings due to a court case, the carrier announced a net loss for the first time since becoming a publicly traded company in late 2006.
US Consumer Sentiment Rises to Highest Since Early 2004
Consumer sentiment climbed in October to the highest level since the start of 2004 as households grew upbeat about the outlook for the U.S. economy, a University of Michigan survey showed Oct. 27.
US Growth at Above-Forecast 3% on Consumers and Businesses
The U.S. economy expanded at a faster pace than forecast in the third quarter, indicating resilient demand from consumers and businesses even with the hit from hurricanes Harvey and Irma, Commerce Department data showed Oct. 27.
October 27, 2017