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.
Construction Spending Declines in June
Construction spending fell 0.6% in June, the first decline in three months, the Commerce Department reported Thursday.
August 1, 2013Initial Jobless Claims Fall by 19,000 for Week
Initial jobless claims declined by 19,000 last week, the Labor Department reported Thursday.
August 1, 2013Frozen Food Express Reports Second-Quarter Loss
Frozen Food Express Industries reported a second-quarter loss, but its less-than-truckload operations improved.
August 1, 2013Roadrunner’s Net Income Rises for Quarter
Roadrunner Transportation Systems’ second-quarter profit climbed to $14 million, or 37 cents a share, from $10.2 million, or 32 cents, a year ago.
August 1, 2013Con-way Reports Higher 2Q Profit
Con-way Inc. reported a higher second-quarter profit than the same quarter last year, although its revenue and operating income fell slightly.
August 1, 2013Contrans’ Second-Quarter Income Dips
Contrans Group said its second-quarter income fell slightly from a year ago, citing a wet spring that delayed construction projects, and labor disputes in Ontario and Quebec.
August 1, 2013Goodyear’s Earnings More Than Double
Goodyear Tire & Rubber Co.’s second-quarter earnings more than doubled as its operating income jumped 27%, improving in all four of its global regions.
July 31, 2013House Delay of Transportation Measure Puts Move to Block HOS Rule on Hold
House Republicans on Wednesday delayed consideration a $44 billion bill to fund transportation and housing programs before four congressmen could introduce their proposed amendment to block the federal government’s new hours-of-service rule for truck drivers.
DOT Gives $7 Million to Three Northeast States to Repair Flood-Damaged Roads
The Department of Transportation said it is immediately making available $7 million in emergency relief funds for three Northeastern states to help cover the costs of repairing roads damaged by flooding this summer.
July 31, 2013XPO Logistics Reports 2Q Loss
XPO Logistics’ second-quarter loss widened from a year ago, but revenue more than tripled.
July 31, 2013