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.
Washington Upgrading Skagit River Bridge to Allow Greater Truck Clearance
Washington state officials are upgrading the Interstate 5 bridge over the Skagit River that collapsed in May, with a goal of raising its overhead clearance to avoid damage from future incidents, the Washington State Department of Transportation said.
Saia’s Second-Quarter Income Improves
Less-than-truckload carrier Saia Inc. said Friday its second-quarter net income improved from a year ago.
July 26, 2013Universal Truckload’s Profit Improves
Universal Truckload Services’ second-quarter operating income rose from a year ago.
July 26, 2013Echo Global Logistics’ Profit Rises
Echo Global Logistics said its second-quarter profit rose from a year ago, and its revenue improved.
July 26, 2013Consumer Confidence Rises in July
Consumer confidence rose this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
July 26, 2013Covenant’s Second-Quarter Profit Declines
Covenant Transportation Group’s second-quarter net income declined to $1.9 million, or 13 cents per share, from $4.3 million, or 29 cents, a year earlier.
July 26, 2013Rush Reports Lower 2Q Earnings, Will Buy Truck Dealerships in Three States
Rush Enterprises said its second-quarter profit declined from a year ago on lower sales and a retirement charge, and announced its intention to buy truck dealerships in three states.
July 26, 2013Intermodal Volume Rises 2.8% for Week
Intermodal volume rose 2.8% for the week ended Saturday from the same week a year ago, the Association of American Railroads reported.
July 26, 2013Pacer Reports Higher 2Q Profit
Pacer International reported a higher second-quarter profit from a year ago, but its intermodal and logistics revenue declined.
July 26, 2013SkyBitz, Pana-Pacific Form Sales Partnership
Asset tracking firm SkyBitz said it has formed a sales partnership with commercial-vehicle accessory supplier Pana-Pacific.
July 26, 2013