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.
Roadrunner’s Third-Quarter Income Rises to $14.4 Million
Roadrunner Transportation Systems’ third-quarter net income increased to $14.4 million, or 37 cents per share, from $13.2 million, or 35 cents.
October 30, 2014Old Dominion Freight Line Posts Third Quarter Profit
Old Dominion Freight Line reported third-quarter income increased 29.5% and posted record revenue on increased market share.
October 30, 2014Report Projects Decline of US Diesel Demand After 2015
Higher vehicle efficiencies and the growing use of compressed natural gas in heavy-duty vehicles will lead to a decline in U.S. diesel demand beginning in 2016, according to a report released Oct. 29.
Fewer Americans Filed for Jobless Benefits in Last Four Weeks
Fewer Americans filed applications for unemployment benefits over the past month than at any time in more than 14 years, a sign the strengthening U.S. economy is buoying the labor market.
October 30, 2014Con-way’s Third-Quarter Profit Rises
Con-way Inc. reported third-quarter net income increased as revenue in the freight and logistics business rose, but truckload business declined.
October 29, 2014Celadon Group’s Profit Rises 21%
Celadon Group Inc. reported its fiscal first-quarter net income increased 21.2% as revenue rose.
October 29, 2014Safety Advisory Issued For Transporting Ebola-Contaminated Material
The Pipeline and Hazardous Materials Safety Administration on Oct. 29 issued a safety advisory guidance notice for “persons who prepare, offer and transport materials contaminated or suspected of being contaminated with the Ebola virus.”
UPS Changes Pregnancy Policy, Will Try to Offer Lighter-Duty Jobs
UPS has announced it is changing its policy with respect to pregnant employees and will try to accommodate them with light duty work.
Trucking Suppliers Report Higher 3Q Earnings
Several trucking industry suppliers reported higher third-quarter earnings, citing strength in North American on-highway markets.
Wabash’s 3Q Profit Grows as Trailer Shipments Increase
Trailer maker Wabash National Corp. said third-quarter net income increased 12.8% as trailer shipments rose from year-ago levels.
October 29, 2014