Business

About Business News...

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.

Business

Trucking Adds Jobs as Unemployment Falls to Three-Year Low 8.1%

The April unemployment rate fell to a three-year low 8.1% and the trucking industry gained 1,800 jobs, the Labor Department said Friday.

May 4, 2012
Business, Safety, Government, Technology, Equipment

Roadrunner’s First-Quarter Profit Grows

Roadrunner Transportation Systems’ first-quarter profit climbed to $7.9 million, or 25 cents a share, from $4.4 million, or 14 cents, a year ago.

May 4, 2012
Business, Technology

Xata Reports Wider 2Q Loss

Xata Corp. reported a fiscal second quarter loss of $2.1 million, or 20 cents per share, compared to a loss of $800,000, or seven cents, a year ago.

May 4, 2012
Business, Logistics

Intermodal Traffic Rises 5.5% for Week

U.S. intermodal traffic rose 5.5% for the week ended Saturday from a year ago, the Association of American Railroads said.

May 4, 2012
Business, Logistics

Expeditors’ First-Quarter Profit Declines

Logistics firm Expeditors International of Washington said its first-quarter profit declined from a year ago as air freight volumes fell.

May 4, 2012
Business

YRC’s First-Quarter Loss Narrows

YRC Worldwide on Thursday reported a first-quarter loss of $81.6 million, compared with a $102.7 million loss in last year’s first quarter.

May 3, 2012
Business

First-Quarter Productivity Declines

U.S. workers’ productivity declined at a 0.5% annual rate in the first quarter, the Labor Department said Thursday.

May 3, 2012
Business

Jobless Claims Fall to Lowest in a Month

Initial jobless claims fell last week to the lowest level in a month, the Labor Department said Thursday.

May 3, 2012
Business, Technology

Intermec’s 1Q Loss Widens, CEO Departs

Supply chain technology company Intermec said its first-quarter loss widened from a year ago and announced the departure of its CEO, Patrick Byrne.

May 3, 2012
Business, Equipment

Visteon Posts 1Q Loss on Restructuring Costs

Visteon Corp. reported a first-quarter loss on Wednesday, citing restructuring charges.

May 2, 2012