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.
Foxx to Talk Transportation Funding at May 7 Senate Hearing
Transportation Secretary Anthony Foxx will make his first congressional appearance next week since unveiling a four-year, $302 billion transportation proposal this week, in an effort to press lawmakers to advance a transportation bill this year.
Con-way’s 1Q Profit Falls on Weather, Tax Costs
Con-way Inc. reported its first-quarter net income slipped as higher tax expense and winter-weather challenges reduced its earnings.
May 1, 2014Meritor Swings to 2Q Profit as Sales Rise
Meritor Inc. posted a profit for its fiscal second-quarter compared with a loss a year ago as sales rose, the company reported May 1.
May 1, 2014CSX Derailment Could Boost Crude Train Regulation
A CSX Corp. train derailment in Lynchburg, Virginia, on April 30 that sparked a fire when crude oil tanks ignited could increase pressure on regulators, railroads and tank-car owners to improve oil shipment safety.
May 1, 2014Roadrunner’s 1Q Net Income Slips Slightly
Roadrunner Transportation Systems’ first-quarter net income slipped 1.6% to $10.4 million, or 27 cents per share, from $10.6 million, or 29 cents, as severe weather damaged profits.
May 1, 2014Manufacturing Expands by Most This Year
The Institute for Supply Management’s factory index rose to 54.9 in April from the prior month’s 53.7, the largest expansion this year, the Tempe, Arizona-based group’s report showed May 1.
May 1, 2014Construction Spending Rises 0.2% in March
Construction spending rose 0.2% in March, the Commerce Department reported May 1.
May 1, 2014Consumer Spending Rises by Most Since 2009
Personal spending rose 0.9% in March, the most since August 2009, the Commerce Department reported May 1.
May 1, 2014Jobless Claims Climb to Nine-Week High
Jobless claims rose by 14,000 to 344,000 in the period ended April 26, the highest level since Feb. 22, the Labor Department reported.
May 1, 2014Daimler’s North American Truck Sales Lead 1Q Earnings
Daimler Trucks’ first-quarter unit sales rose 7%, led by North American and Asian sales, and its unit earnings before interest and taxes almost tripled to $472 million.
April 30, 2014