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.
Wabash 4Q Net Income Drops
Wabash National Corp. reported its fourth-quarter net income dropped, but revenue increased.
February 6, 2014Volvo 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, 2014XRS’ 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, 2014P.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, 2014Forward 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, 2014Trade Deficit Widens in December
The U.S. trade deficit widened in December as exports fell, the Commerce Department reported Feb 6.
February 6, 2014Old 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, 2014Jobless 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, 2014Con-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.
Roadrunner’s 4Q Income Rises
Roadrunner Transportation Systems reported its fourth-quarter profit rose 17.7% despite increased accidents involving claims.
February 5, 2014