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.
Diesel Gains 6.7¢ to $3.892 a Gallon
U.S. retail diesel prices last week rose to their highest level in almost three months after climbing 6.7 cents to $3.892 a gallon, the Department of Energy reported.
November 7, 2011YRC Reports 3Q Loss; Names CFO
YRC Worldwide Friday reported a wider third-quarter loss and upgraded its interim chief financial officer to be its permanent CFO.
November 4, 2011Trimac’s 3Q Income Improves
Trimac Transportation Ltd.’s third-quarter earnings rose to C$4.1 million, or 16 Canadian cents per unit, from C$3.7 million, or 14 cents, a year ago.
November 4, 2011Trucking Adds 3,100 Jobs; Unemployment Rate Declines to 9%
The unemployment rate declined to a six-month low of 9% in October while the economy added 80,000 jobs, including 3,100 trucking jobs, the Labor Department said Friday.
November 4, 2011Intermec Swings to 3Q Profit
Supply chain technology firm Intermec Inc. said it posted third-quarter earnings of $700,000, or 1 cent per share, compared with a loss of $6.9 million, or 11 cents, a year ago.
November 4, 2011Con-way Swings to 3Q Profit
Con-way Inc. late Thursday reported a third-quarter profit compared with a loss a year ago, as its truckload, less-than-truckload and logistics operations all improved.
November 4, 2011Intermodal Traffic Rises 4.6% for Week
U.S. intermodal traffic rose 4.6% for the week ended Oct. 29 from a year ago, the Association of American Railroads said.
November 4, 2011Senate Kills Obama’s $60 Billion Infrastructure Plan
Senate Republicans killed legislation backed by President Obama to spend $60 billion on building and repairing roads and other infrastructure.
November 3, 2011Oakland Port Resumes Operations Following Protests
Protesters removed barricades from the entrance to the Port of Oakland Thursday following an agreement reached between demonstrators and a port workers’ union, the Oakland Tribune reported.
November 3, 2011Roadrunner’s Third-Quarter Profit Grows
Roadrunner Transportation Systems’ third-quarter profit climbed to $7.2 million, or 23 cents a share, from $4.4 million, or 14 cents, a year ago.
November 3, 2011