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.
Allison Transmission 2Q Net Income Soars 58%, Revenue Up 22%
Allison Transmission Inc. posted strong second-quarter gains in net income and revenue following higher demand in North America for service parts and on-highway products.
Matson’s Earnings Increase by 33% as Hawaii Cargo Shipments Decline
Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
FourKites Partners With 3GTMS to Enhance Shipping Processes
FourKites has announced a partnership with 3GTMS, a provider of Tier 1 transportation management software, to create a platform designed for enhanced shipping.
August 1, 2017Cummins Earnings, Revenue Gain in 2Q as Key Markets Improve
Independent engine maker Cummins Inc. notched gains in second-quarter net income and revenue, pointing to higher demand for trucks and construction equipment in North America and China as well as stronger sales to mining and oil and gas customers, according to the company.
Factory Gauge Continues to Signal Solid Expansion in July
American manufacturers turned in another solid month in July amid steady growth in production, orders and employment, according to figures from the Institute for Supply Management released Aug. 1.
Schneider Second-Quarter Profits Rise 5.2% Over Year Ago
Schneider reported that profits in the second quarter increased 5.2% compared with a year ago, beating the Bloomberg News consensus forecast on net income and earnings per share.
Eaton Posts Gains in 2Q Net Income, Revenue
Eaton Corp. reported net income and revenue rose during the second quarter led by gains in its electrical products segment.
Caterpillar Seeks New CFO With Halverson to Retire Next Year
Caterpillar Inc. Chief Financial Officer Brad Halverson will retire in early 2018.
Americans’ Spending Barely Grew in June as Incomes Stagnated
Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the U.S. economy may get less help from households this quarter, Commerce Department figures showed Aug. 1.
August 1, 2017Online Business Forcing Rental Rates Higher, Commercial Real Estate Firm Says
The boom in e-commerce is affecting the demand for commercial real estate and driving up rental rates, according to a recent report by commercial real estate firm CBRE.
August 1, 2017