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.
Heartland Express Reports Higher 2Q Income
Heartland Express said Friday its second-quarter profit rose slightly from a year ago.
July 19, 2013Forward Air’s 2Q Income Dips
Forward Air Corp. said its second-quarter income dipped from a year ago, but its revenue improved.
July 19, 2013Oil Finishes Week at 16-Month High Over $108
Oil finished the week at more than $108 a barrel, the highest level in 16 months, Bloomberg News reported.
July 19, 2013Hub Group’s Profit Rises on Stronger Logistics, Intermodal Operations
Hub Group Inc. reported higher second-quarter earnings on improved revenue at its intermodal and logistics units.
July 19, 2013Weekly Intermodal Traffic Rises 0.9%
Intermodal volume rose 0.9% for the week ended Saturday from the same week a year ago, the Association of American Railroads reported.
July 19, 2013Scania to Boost Production as 2Q Truck Orders Rise
Swedish truck maker Scania AB said it plans to increase production as its second-quarter orders rose 15%, Bloomberg News reported Friday.
July 19, 2013Kansas City Southern’s 2Q Income Drops
Kansas City Southern’s second-quarter net income fell to $15 million, or 14 cents a share, from $120 million, or $1.09, a year ago.
July 19, 2013South Florida Logistics Co. Appoints New CEO
South Florida Logistics Services said it has hired 30-year industry veteran Chris Scott as its new CEO.
July 19, 2013June Container Volume Mixed at SoCal Ports
Volume at the neighboring Southern California ports of Long Beach and Los Angeles was mixed in June, with Long Beach’s rising slightly and Los Angeles’ declining.
July 18, 2013More Than 100 Truck Drivers Vote to Join Teamsters at Port of N.Y.-N.J.
More than 100 truck drivers who work for an Australian logistics firm at the Port of New York and New Jersey have voted to join the Teamsters, the union said.
July 18, 2013