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.
Patriot Transportation’s 2Q Profit Rises
Patriot Transportation Holding’s fiscal second-quarter profit rose 38% from a year ago as transportation revenue improved.
May 1, 2013Nafta Surface Trade Drops 2.1% in February
Surface trade among the United States, Canada and Mexico fell 2.1% in February from the same month a year ago, the Department of Transportation said Wednesday.
May 1, 2013Logistics Provider Says New Website to Speed Getting Quotes
Third-party logistics provider Interstate Logistics Group said it has launched an automated freight quotation service called QuoteMyTruckload.com.
ISM Manufacturing Index Declines But Shows Expansion
U.S. manufacturing activity’s rate of expansion slowed in April, the Institute for Supply Management said Wednesday.
May 1, 2013Construction Spending Declines in March
Construction spending fell 1.7% in March, the Commerce Department said Wednesday.
May 1, 2013Ridge Corp. Buys Freight Wing
Ridge Corp., which makes fiber reinforced thermoplastics for the transportation industry, said it has acquired trailer-skirt manufacturer Freight Wing. Terms were not disclosed.
May 1, 2013NTTC to Name Driver of the Year Starting in 2014
AUSTIN, Texas — National Tank Truck Carriers said it will begin a driver-of-the-year award, starting at its 2014 annual conference.
Wabash Reports Improved 1Q Income; Predicts Pickup in Trailer Shipments
Trailer manufacturer Wabash National Corp. said its first-quarter income improved, and the company said it expects a “significant increase” in trailer shipments in the second quarter.
May 1, 2013Roadrunner Buys Two Trucking Firms
Roadrunner Transportation Systems said it has acquired container management and logistics firm Adrian Carriers for about $14.2 million and Wando Trucking for about $9 million.
May 1, 2013ATA Launches Revamped Website
American Trucking Associations said it has redesigned and updated its website as part of an effort to bolster its image.
May 1, 2013