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.
Saia’s 3Q Income Rises
Saia Inc. said its third-quarter net income increased to $9.3 million, from $4.8 million in the prior-year period.
November 1, 2012Arkansas Best’s 3Q Income Declines
Arkansas Best Corp. said Thursday its third-quarter net income declined from a year ago, reflecting “weakness in the economy” and a “slowing business environment.”
November 1, 2012USA Truck Reports 3Q Loss
USA Truck reported a third-quarter loss, citing slower growth in the U.S. economy.
November 1, 2012FMCSA Lifts HOS Rules for Truckers Working on Sandy-Related Cleanup
The Federal Motor Carrier Safety Administration declared a regional emergency over many eastern states, lifting hours-of-service regulations for trucking and work crews dealing with the massive cleanup following Hurricane Sandy.
October 31, 2012Con-way Reports Lower 3Q Profit
Con-way Inc. said late Wednesday its third-quarter profit declined from a year ago, due to higher healthcare expenses at its less-than-truckload unit.
October 31, 2012Navistar to Close Texas Truck Plant
Navistar International Corp. said it will close its truck manufacturing plant in Garland, Texas, early next year, cutting 900 jobs as a result, to reduce costs.
October 31, 2012Trimac’s 3Q Income Improves
Trimac Transportation Ltd.’s third-quarter earnings rose to C$5 million, or 18 Canadian cents per unit, from C$4.1 million, or 16 cents, a year ago.
October 31, 2012Maine to Decide on $51.5 Million in Bonds to Help Fund Infrastructure Improvements
Voters in Maine will decide on Nov. 6 whether to approve $51.5 million worth of bonds, with the bulk of the money designated for highway and bridge improvements.
Dana Reports Lower 3Q Profit
Truck and auto component maker Dana Holding Corp.’s third-quarter profit fell on lower demand, the company said.
October 31, 2012Eaton’s Third-Quarter Income Falls
Eaton Corp.’s third-quarter net income fell to $345 million, or $1.02 per share, from $365 million, or $1.07, a year ago.
October 31, 2012