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.
Intermodal Traffic Rises 1.6% for Week
U.S. rail intermodal traffic rose 1.6% last week over the same week a year ago, the Association of American Railroads said.
February 1, 2013NAFTA Surface Trade Rises 6.2% in November
Surface trade among the United States, Canada and Mexico was 6.2% higher in November than the same month a year earlier, the Department of Transportation reported.
February 1, 2013Paccar’s 4Q Profit Slips; Full-Year Revenue Rises to Record
Paccar Inc. said Thursday its fourth-quarter profit declined from a year ago, but its annual revenue rose to a company record.
January 31, 2013UPS Reports 4Q Loss on Retirement-Plan Charge; Posts Adjusted Profit for Quarter
UPS Inc. reported a fourth-quarter net loss on a $3 billion retirement-plan charge but posted an adjusted operating profit for the period.
January 31, 2013Knight’s 4Q, Full-Year Income Improve
Knight Transportation’s fourth-quarter profit rose slightly from a year ago, while revenue improved by more than 8%, the truckload carrier said.
January 31, 2013Landstar’s 4Q Earnings Increase
Truckload carrier Landstar System said its fourth-quarter earnings rose, despite inconsistent demand.
January 31, 2013Ryder’s Fourth-Quarter Income Improves
Ryder System’s fourth-quarter profit rose to $53.8 million, or $1.05 per share, from $48.1 million, or 93 cents, a year ago.
January 31, 2013Chicago Manufacturing Activity Expands
Manufacturing activity in the Chicago area expanded in January, the Institute for Supply Management-Chicago said Thursday.
January 31, 2013Covenant Transportation Swings to 4Q Profit
Covenant Transportation Group reported fourth-quarter net income of $1.5 million, or 10 cents a share, turning around a net loss of $2.2 million, or 76 cents, a year earlier.
January 31, 2013Personal Spending Rises in December
Personal spending rose 0.2% in December as incomes rose by the most in eight years, the Commerce Department said Thursday.
January 31, 2013