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.
YRC Reports Fourth-Quarter Loss
YRC Worldwide reported a fourth-quarter net loss of $86.2 million, or $12.40 a share, compared with a profit of $15.4 million that was aided by an income tax refund in the year-earlier period.
February 28, 2012Diesel Jumps 9.1¢, Vaults Past $4 a Gallon
Diesel jumped 9.1 cents to $4.051 a gallon, the first time it has topped $4 since November and the highest price since May, the Department of Energy said.
February 28, 2012Visteon Posts Fourth-Quarter Loss
Truck and automobile parts maker Visteon Corp. reported a fourth-quarter loss of $26 million, or 51 cents a share, compared with a profit a year ago.
February 28, 2012Consumer Confidence Jumps to One-Year High
Consumer confidence climbed this month to the highest level in a year, the New York-based Conference Board said Tuesday.
February 28, 2012Cooper Tire Reports Higher 4Q Profit, Resolves Labor Dispute
Cooper Tire & Rubber Co. reported a fourth-quarter profit and said it reached agreement with the United Steelworkers union ending a three-month lockout at an Ohio plant.
February 28, 2012Durable Orders Drop 4% in January
Durable goods orders fell 4% in January, the biggest drop in three years, the Commerce Department said Tuesday.
February 28, 2012Editorial: Worrisome Fuel Prices
Once again, fuel prices are in the worrisome range, just as most of us are beginning to accept that the recession is really over and better times are ahead.
February 27, 2012DOT Urges More Mexican Truckers to Participate in Cross-Border Program
U.S. Department of Transportation officials have urged more Mexican carriers to apply for the cross-border trucking program, the San Diego Union-Tribune reported.
February 27, 2012Roadrunner Acquires Transportation Management Firm
Roadrunner Transportation Systems said it has purchased Capital Transportation Logistics, a transportation management provider, for $6.25 million.
February 27, 2012Swift Partners With Internet Truckstop
Swift Transportation said it has increased capacity through an alliance with Web-based load matching service Internet Truckstop.
February 27, 2012