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.
TruStar Energy Opens CNG Station Along I-75 in Florida
TruStar Energy has opened a company-owned public compressed natural gas fueling station in Fort Myers, Florida, as a midpoint between Tampa and Fort Lauderdale for fleets traveling the Interstate 75 corridor.
April 29, 2016ArcBest First Quarter Loss Widens
ArcBest Corp.’s first quarter loss widened to $6.1 million, or 24 cents per share, hurt by rising costs and reduced revenue at its less-than-truckload unit and weaker results at its logistics business.
April 29, 2016Amazon Profit Tops Estimates as Fast Delivery Fuels Growth
Amazon.com Inc.’s sales and profit topped estimates on robust demand for quick-turnaround delivery, cloud services and gadgets such as the Kindle and Echo, adding to evidence the e-commerce giant can make money even as it invests heavily in future hardware, software and entertainment.
April 29, 2016Descartes Acquires German Software Provider
Canadian technology provider Descartes Systems Group has acquired German firm pixi* Software GmbH for $10.4 million to expand in the European order fulfillment and warehouse management markets.
April 29, 2016Roadrunner Adds Outbound Vancouver Services
Roadrunner Transportation Systems Inc. announced it has added outbound less-than-truckload service from Vancouver, British Columbia, in response to growing trade moving through the region.
April 29, 2016Consumer Sentiment Declines to Seven-Month Low in April
Consumer confidence fell to a seven-month low in April as Americans’ expectations about economic growth dropped to the lowest point since September 2014.
Paccar Opens New Parts Distribution Center in Washington
Paccar Parts, a unit of Paccar Inc., said it opened a new 160,000 square-foot parts distribution center in Renton, Washington, that is almost three times the capacity of its predecessor built in 1973. It will service dealers in the Northwestern U.S. and Western Canada.
April 29, 2016Spending Rises Less Than Forecast as Americans Boost Savings
Consumer spending rose less than forecast in March, wrapping up the weakest quarter in a year for the biggest part of the U.S. economy even as incomes accelerated.
UPS First-Quarter Results Improve, But Company Might Face $3.5 Billion Pension Charge
Parcel and logistics company UPS Inc. posted first-quarter increases in revenue and net income despite the mixed economic situation — nationally and internationally — and also acknowledged it might have to take a charge against earnings of about $3.5 billion related to a pension issue.
YRC Worldwide, Old Dominion Freight Line, Universal Truckload Services Earnings Decline
YRC Worldwide Inc.’s first quarter net loss narrowed to $12.0 million, or 37 cents per share, while earnings declined 3.6% to $60.3 million, or 72 cents, at LTL competitor Old Dominion Freight Line Inc.
April 28, 2016