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.
Durable Goods Rise, Led by Aircraft Orders
Durable goods orders jumped 9.9% in September, led by a surge in aircraft orders, the Commerce Department said Thursday.
October 25, 2012Initial Jobless Claims Fall for Week
Initial jobless claims decreased by 23,000 last week, the Labor Department said Thursday.
October 25, 2012Pacer’s Third-Quarter Income Declines
Pacer International’s third-quarter net income fell, as its intermodal and logistics margins declined from a year ago.
October 25, 2012Daimler’s 3Q Truck Profit Slips; Sales Rise
Daimler AG said Wednesday its truck unit’s third-quarter earnings slipped, but revenue rose on higher sales in North America and Asia.
October 24, 2012Navistar Sets Stock Offering of 10 Million Shares
Navistar International Corp. said Wednesday it is making a public offering of about 10 million shares of its stock.
October 24, 2012Design Transportation Offers Higher Driver Pay, Bonuses
Design Transportation Services, Dallas, has become the latest carrier to make a wide-ranging increase in driver pay as a step toward retaining and rewarding operators.
October 24, 2012Volvo’s 3Q Earnings Decline
Volvo AB’s third-quarter earnings declined as slower truck sales outside of North America offset gains in that region, the company said Wednesday.
October 24, 2012New Home Sales Jump to Two-Year High
New home sales rose 5.7% in September to a two-year high, the Commerce Department said Wednesday.
October 24, 2012Rush’s 3Q Income Slips; Will Buy Ohio Navistar Dealerships
Truck dealership Rush Enterprises’ third-quarter net income slipped from a year ago and the company said it plans to buy several Navistar truck dealerships in Ohio.
October 24, 2012TransForce Reports Higher 3Q Profit
Canadian transportation firm TransForce Inc. said its third-quarter net income almost tripled, boosted by acquisitions.
October 24, 2012