Business

About Business News...

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.

Business, Logistics

Wabash 4Q Net Income Drops

Wabash National Corp. reported its fourth-quarter net income dropped, but revenue increased.

February 6, 2014
Business

Volvo Doubles Planned Job Cuts as 4Q Earnings Fall

Swedish truck-maker Volvo AB said it is more than doubling planned job cuts to 4,400 as its fourth-quarter operating income dropped 17% to 996 million kronor ($180.1 million).

February 6, 2014
Business

XRS’ Profit Drops in Fiscal 1Q

XRS Corp. said its net income fell in its first fiscal quarter as sales decreased and some costs grew.

February 6, 2014
Business

P.A.M. Reports Fourth-Quarter Profit

P.A.M. Transportation Services reported a fourth-quarter net income compared with a loss the prior year.

February 6, 2014
Business, Fuel, Government, Logistics, Autonomous

Forward Air Closes Central States Purchase

Forward Air Corp. said Feb. 6 it completed its $95.6 million acquisition of Central States Trucking Co. and Central States Logistics.

February 6, 2014
Business

Trade Deficit Widens in December

The U.S. trade deficit widened in December as exports fell, the Commerce Department reported Feb 6.

February 6, 2014
Business

Old Dominion’s Earnings Rise 19.4%

Old Dominion Freight Line Inc. said its fourth-quarter profit grew 19.4% as tonnage and revenue increased.

February 6, 2014
Business

Jobless Claims Decline by 20,000 Last Week

Initial jobless claims declined for the first time in three weeks, the Labor Department reported Feb. 6.

February 6, 2014
Business

Con-way Net Income Shows Slight Drop

Weaker results in its logistics unit led to a slight decline at Con-way Inc. in fourth-quarter net income to $11.7 million, or 20 cents per share, compared with $11.8 million, or 21 cents per share, in the year-earlier period.

Rip Watson | Special to Transport Topics
February 5, 2014
Business

Roadrunner’s 4Q Income Rises

Roadrunner Transportation Systems reported its fourth-quarter profit rose 17.7% despite increased accidents involving claims.

February 5, 2014