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.
Norfolk Southern’s 3Q Profit Drops
Norfolk Southern Corp. said its third-quarter profit dropped 27%, and income from railway operations fell 22% to $731 million.
October 24, 2012Celadon’s 1Q Profit Jumps 50%
Celadon Group said its fiscal first-quarter net income jumped 50% on higher freight revenue and lower expenses.
October 23, 2012C.H. Robinson Reports Higher 3Q Profit
C.H. Robinson Worldwide reported higher third-quarter profit, led by improved performance in its logistics operations.
October 23, 2012September Truck Tonnage Rises 2.4%
Truck tonnage rose 2.4% in September from the same month last year, the smallest year-over-year gain in almost three years, American Trucking Associations said Tuesday.
October 23, 2012Iteris, EBE Report Stronger Results
Two technology companies recently reported quarterly results reflecting improved performance.
October 23, 2012Obama Signs Military CDL Act Into Law
President Obama signed the Military Commercial Driver’s License Act of 2012 into law, which allows states to more easily issue commercial driver licenses to members of the armed forces.
October 23, 2012Ryder’s Third-Quarter Income Improves
Ryder System’s third-quarter profit rose to $75.1 million, or $1.47 per share, from $56.5 million or $1.10 per share, a year ago.
October 23, 2012Swift’s 3Q Net Income Falls
Swift Transportation’s third-quarter net income fell 10% to $27.9 million, or 20 cents per share, from $31.0 million, or 22 cents per share, in the third quarter as freight volume weakened and fuel costs rose.
October 23, 2012Diesel Drops 3.4¢ to $4.116; Gasoline Plunges 13.2¢ to $3.687
Diesel dropped 3.4 cents to $4.116 a gallon, while gasoline plunged 13.2 cents to $3.687, its lowest level in almost three months, the Department of Energy said Monday.
October 23, 2012Hub Group’s 3Q Profit Rises
Hub Group Inc.’s third-quarter profit rose 14% as its intermodal, logistics and truck brokerage operations improved.
October 23, 2012