Business

About Business News...

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.

Business, Equipment

Yokohama to Build Truck Tire Plant in Mississippi

Yokohama Tire Corp. said it signed an agreement to build a $300 million commercial truck tire plant in West Point, Miss.

May 2, 2013
Business

Trimac’s Profit, Revenue Increase

Trimac Transportation Ltd. said its first-quarter revenue and pretax earnings jumped, as its bulk trucking segment improved.

May 2, 2013
Business, Logistics

Expeditors’ 1Q Profit Improves

Expeditors International of Washington’s first-quarter profit rose 5% from a year ago, and the company said it sees “cause for optimism” for the rest of the year.

May 2, 2013
Business

CRST Buys Allied’s Special Products Division

CRST International said it acquired the special products division of Allied Van Lines to bolster its Specialized Transportation Inc. business, which moves high-value products.

May 2, 2013
Business

Con-way’s 1Q Income Declines

Con-way Inc. said its first-quarter profit declined from a year ago, citing higher expenses and short-term costs.

May 2, 2013
Business

Jobless Claims Fall to Five-Year Low

Initial jobless claims fell by 18,000 last week to a five-year low, the Labor Department said Thursday.

May 2, 2013
Business

Productivity Rises in First Quarter

U.S. workers’ productivity rose 0.7% in the first quarter, the Labor Department reported Thursday.

May 2, 2013
Business, Fuel, Government

U.S. Trade Deficit Shrinks in March

The U.S. trade deficit shrank by 11% in March as imports fell by the most in four years, the Commerce Department said Thursday.

May 2, 2013
Business

Roadrunner Reports Higher 1Q Profit

Roadrunner Transportation Systems’ first-quarter profit climbed to $10.6 million, or 29 cents a share, from $7.9 million, or 25 cents, a year ago.

May 2, 2013
Business

C.R. England Names New CEO, Reorganizes Senior Leadership

C.R. England said it has named Chad England its new CEO and reorganized its leadership following the death of former CEO Wayne Cederholm II.

May 1, 2013