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, Safety, Government

Covenant’s First-Quarter Loss Narrows

Covenant Transportation Group reported a first-quarter loss of $640,000, or 4 cents per share, compared with a loss of $2.5 million, or 17 cents, a year earlier.

April 25, 2012
Business, Safety, Government

Knight Transportation’s 1Q Income Rises

Knight Transportation said its first-quarter profit improved from a year ago on higher revenue.

April 25, 2012
Business, Safety, Government

P.A.M. Turns First-Quarter Profit

Truckload carrier P.A.M. Transportation Services on Wednesday reported a first-quarter profit for the first time in five years.

April 25, 2012
Business

Dana Swings to First-Quarter Profit

Component maker Dana Holding Corp. reported a first-quarter profit compared with a loss a year ago, as its commercial-vehicle sales unit’s sales jumped.

April 25, 2012
Business, Equipment

Accuride’s Loss Declines; Sales Rise

Component maker Accuride Corp.’s first-quarter loss narrowed as sales rose, the company said.

April 25, 2012
Business

Rush’s Income Jumps on Higher Truck Sales

Truck dealership Rush Enterprises said its first-quarter profit jumped, led by a doubling of its heavy-duty truck sales.

April 25, 2012
Business

Caterpillar’s 1Q Profit Tops $1.5 Billion

Heavy equipment maker Caterpillar Inc. said Wednesday its first-quarter profit climbed to a record high and the company boosted its full-year earnings outlook.

April 25, 2012
Government, Business, Safety

Vitran’s 1Q Loss Widens

Vitran Corp. late Tuesday reported a larger first-quarter loss than a year ago despite a 12.1% gain in revenue.

April 25, 2012
Business

Celadon’s 3Q Profit More Than Doubles

Celadon Group’s fiscal third-quarter net income more than doubled, on higher freight revenue.

April 25, 2012
Business

Durable Orders Fall by Most in Three Years

Durable goods orders fell 4.2% in March, the biggest drop since January 2009, the Commerce Department said Wednesday.

April 25, 2012