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.
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, 2013Trimac’s Profit, Revenue Increase
Trimac Transportation Ltd. said its first-quarter revenue and pretax earnings jumped, as its bulk trucking segment improved.
May 2, 2013Expeditors’ 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, 2013CRST 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, 2013Con-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, 2013Jobless 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, 2013Productivity Rises in First Quarter
U.S. workers’ productivity rose 0.7% in the first quarter, the Labor Department reported Thursday.
May 2, 2013U.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, 2013Roadrunner 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, 2013C.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