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

Con-way’s First-Quarter Profit Rises

Con-way Inc. said its first-quarter profit jumped from a year ago as its truckload, less-than-truckload and logistics operations all improved.

May 2, 2012
Business, Autonomous

Penske Truck Leasing Plans Refinancing

Penske Truck Leasing Co. plans to refinance $6.4 billion in debt over the next two years, Bloomberg reported.

May 2, 2012
Business

U.S. Auto Sales Improve in April

U.S. sales of cars and light trucks rose 2.3% in April to 1.18 million vehicles, Bloomberg reported.

May 2, 2012
Business

Factory Orders Decline 1.5%

Factory orders fell 1.5% in March, led by a decline in aircraft output, the Commerce Department said Wednesday.

May 2, 2012
Business

Frozen Food Express’ 1Q Loss Narrows

Frozen Food Express Industries said late Tuesday that its first-quarter loss narrowed from a year ago.

May 2, 2012
Business

Wabash National Posts Higher 1Q Profit

Wabash National Corp. reported a higher first-quarter profit as trailer shipments increased.

May 2, 2012
Government, Business

NAFTA Surface Trade Rises 17.4% in February

Surface trade among the United States, Canada and Mexico rose 17.4% in February from a year ago, the Department of Transportation said.

May 1, 2012
Government, Business, Safety, Autonomous

FMCSA Hears from Drivers, Carriers on EOBR Issue

BELLEVUE, Wash. — Several dozen truck drivers, motor carriers and law enforcement officers gave federal regulators a candid array of opinions on whether a planned electronic logging device mandate would be properly used as a safety device and fleet productivity tool.

Eric Miller | Senior Reporter
May 1, 2012
Business, Fuel

Sunoco Being Sold; Delta Buying East Coast Oil Refinery

Two big deals affecting the refinery of crude oil in the Northeast were announced this week: Delta Air Lines will buy a Philadelphia area refinery and Sunoco Inc. is being sold for $5.3 billion.

May 1, 2012
Business

Construction Spending Rises in March

Construction spending edged up 0.1% in March, the Commerce Department said Tuesday.

May 1, 2012