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.
Schommer Named President of CRST Malone
CRST International said it named Jim Schommer president of its CRST Malone flatbed unit.
October 28, 2011Echo Global Logistics’ 3Q Income Increases
Echo Global Logistics said its third-quarter profit grew 30.2% to $3.4 million, or 15 cents per share, from $2.6 million, or 12 cents, a year ago.
October 28, 2011Oil Companies’ Profits Rise on Higher Crude Prices
Several major oil companies cited higher crude prices in reporting higher third-quarter profits.
October 28, 2011Universal Truckload’s 3Q Profit Improves
Universal Truckload Services said its third-quarter profit increased on higher truckload revenue.
October 28, 2011Consumer Confidence Improves
Consumer confidence rose this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
October 28, 2011Personal Spending Rises 0.6% in September
Consumer personal spending climbed 0.6% in September, the Commerce Department said Friday.
October 28, 2011Intermodal Traffic Rises 4.6% for Week
U.S. intermodal traffic rose 4.6% for the week ended Saturday from a year ago, the Association of American Railroads said.
October 28, 2011CVG Reports Higher Third-Quarter Profit
Commercial Vehicle Group reported third-quarter income of $7.4 million, or 26 cents per share, up from to $1.1 million, or 4 cents, a year ago.
October 28, 2011Old Dominion’s 3Q Profit Jumps
Old Dominion Freight Line said Thursday its third-quarter profit rose almost 60% and its revenue reached a third-quarter record.
October 27, 2011Daimler Predicts Higher Truck Sales in 4Q
Daimler AG predicted a higher fourth-quarter profit on gains at its trucks and vans divisions, Bloomberg reported Thursday.
October 27, 2011