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, Fuel

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, 2011
Business

YRC 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, 2011
Business

Trimac’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, 2011
Business

Trucking 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, 2011
Business, Technology

Intermec 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, 2011
Business

Con-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, 2011
Business, Logistics

Intermodal 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, 2011
Government, Business

Senate 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, 2011
Business

Oakland 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, 2011
Business

Roadrunner’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