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.
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, 2012Roadrunner’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, 2012Xata 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, 2012Intermodal 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, 2012Expeditors’ 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, 2012YRC’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, 2012First-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, 2012Jobless 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, 2012Intermec’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, 2012Visteon Posts 1Q Loss on Restructuring Costs
Visteon Corp. reported a first-quarter loss on Wednesday, citing restructuring charges.
May 2, 2012