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.
Swift Buys Central Refrigerated
Swift Transportation Co. said it has acquired privately held carrier Central Refrigerated for $225 million.
August 7, 2013YRC’s 2Q Loss Declines; Company Completes Network Optimization Plan
YRC Worldwide said Wednesday its second-quarter net loss declined from a year ago, and the company posted adjusted earnings of $74.7 million as it completed its network optimization plan.
August 7, 2013EZE Buys Houston Heavy-Haul Trucking Company
EZE Trucking, Rialto, Calif., said it has acquired Rig Runners Inc., a Houston-based heavy-haul trucking and logistics company.
August 7, 2013C.H. Robinson’s Second-Quarter Profit Slips
C.H. Robinson Worldwide said its second-quarter net income fell slightly from a year ago, but revenue improved.
August 7, 20132Q Intermodal Volume Rises 2.4%, IANA Reports
Intermodal container volume rose 2.4% to 3.8 million units in the second quarter from a year ago, the Intermodal Association of North America said.
August 7, 2013Trade Deficit Narrows as Exports Rise to Record
The U.S. trade deficit declined 22.4% in June as crude oil imports fell and U.S. exports rose to a record, the Commerce Department reported.
August 7, 2013Diesel to Average $3.92 This Year, DOE Says
Diesel fuel will average $3.92 a gallon this year, about equal to its current pump price, the Department of Energy reported.
August 6, 2013Expeditors’ 2Q Profit Improves
Expeditors International of Washington said Tuesday its second-quarter profit rose 10% from a year ago on increased airfreight services revenue.
August 6, 2013Apex Freight Acquires Colorado Logistics Firm
Apex Freight Services said it has acquired Evergreen, Colo.-based third-party logistics firm Timberline Freight Services. Terms were not disclosed.
August 6, 2013Court Upholds Most Provisions of HOS Rule
A federal appeals court upheld the majority of the government’s hours-of-service rule for truck drivers, rejecting most arguments presented by American Trucking Associations and Public Citizen.
August 6, 2013