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.
Swift Posts Higher First-Quarter Profit
Swift Transportation on Thursday said its first-quarter profit rose from a year ago on higher revenue.
April 19, 2012USA Truck’s 1Q Loss Widens
USA Truck reported a first-quarter loss, citing a sharp increase in its unmanned tractor count.
April 19, 2012Union Pacific’s 1Q Earnings Jump 35%
Union Pacific Corp. said Thursday its first-quarter profit rose 35%, boosted by higher intermodal revenue.
April 19, 2012Leading Economic Indicators Improve
An index of leading economic indicators rose in March for the sixth straight month, the New York-based Conference Board said Thursday.
April 19, 2012Existing Home Sales Fall for Third Time in Four Months
Existing home sales for March fell for the third time in four months, the National Association of Realtors said Thursday.
April 19, 2012Philadelphia Manufacturing Growth Slows
An index of manufacturing activity in the Philadelphia region declined this month to its lowest level since January but continued to show expansion, the Federal Reserve Bank of Philadelphia said.
April 19, 2012House Passes Another Highway Bill Extension, Through September
The House passed an extension to a federal highway bill through the end of September, setting the stage for negotiations with the Senate on a longer-term plan, the Associated Press reported.
April 19, 2012Jobless Claims Fall for Week
Initial jobless claims declined last week, but the previous week’s claims were revised upward, the Labor Department said Thursday.
April 19, 2012More Carriers Using Brokers Than in 2011, TCP Study Says
About 33% of motor carriers used freight brokers in February to obtain higher-priced freight, a study from Transport Capital Partners said. During the same month in 2011, about 11% trucking companies turned to brokers.
April 19, 2012Werner’s First-Quarter Profit Rises 30%
Werner Enterprises said its first-quarter profit rose 30% on “more steady and balanced” freight trends early this year.
April 18, 2012