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.
Election 2014 Live Blog: GOP Controls Senate; West Virginia's Rahall Loses
Look back at election results as they happened Tuesday night in our live blog, with a focus on Senate and House races that mattered most in the world of transportation.
November 4, 2014Telogis Launches New Software to Improve Planning, Flexibility
Telogis recently launched new software products designed to help fleets better plan their operations and respond quickly to changing conditions, whether it be hours-of-service constraints or traffic and weather patterns.
Diesel Drops 1.2¢ to $3.623, Gas Falls Below $3
The average price of U.S. diesel dropped 1.2 cents to $3.623 and gasoline fell below $3 a gallon, the Department of Energy reported Nov. 3, as oil slid below $80 a barrel for the first time in more than two years.
Expeditors Boosts Net Income 11%
Expeditors International of Washington Inc. said third-quarter net income rose 11% to $102.4 million, or 53 cents per share, from $92.4 million, or 45 cents, as demand and pricing improved for air and ocean freight.
November 4, 2014Ritchie Bros. Reports Lower 3Q Income; Revenue Improves
Ritchie Bros. Auctioneers reported third-quarter net income declined from a year ago on higher expenses, as gross auction proceeds rose 12%.
Trimble’s Third-Quarter Earnings Slide
Transportation technology supplier Trimble Navigation Ltd. said third-quarter earnings fell from a year ago, due in large part to a legal judgment against the company and weaker-than-expected sales of its agricultural products.
November 4, 2014Sysco Acquisition of US Foods Delayed by Feds
Sysco Corp said its acquisition of rival food distributor US Foods, based in Rosemont, Illinois, isn’t likely to be completed until early next year as federal officials continue to scrutinize the deal for potential anticompetitive implications.
November 4, 2014Forward Air Acquires Intermodal Firm for $5.75 Million
Forward Air Corp. said subsidiary Central States Trucking Co. acquired the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc. for $5.75 million.
November 4, 2014Factory Orders Dip For Second Month
Factory orders dropped 0.6% in September after a 10% decline the prior month, the Commerce Department reported Nov. 4.
November 4, 2014Trade Deficit Widens to Four-Month High as Exports Decline
The trade deficit in the U.S. widened in September as exports cooled from a record, highlighting how weakening global growth will affect the world’s largest economy.
November 4, 2014