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

Schommer Named President of CRST Malone

CRST International said it named Jim Schommer president of its CRST Malone flatbed unit.

October 28, 2011
Business, Logistics

Echo 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, 2011
Business, Fuel

Oil Companies’ Profits Rise on Higher Crude Prices

Several major oil companies cited higher crude prices in reporting higher third-quarter profits.

October 28, 2011
Business

Universal Truckload’s 3Q Profit Improves

Universal Truckload Services said its third-quarter profit increased on higher truckload revenue.

October 28, 2011
Business, Government, Logistics

Consumer Confidence Improves

Consumer confidence rose this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

October 28, 2011
Business

Personal Spending Rises 0.6% in September

Consumer personal spending climbed 0.6% in September, the Commerce Department said Friday.

October 28, 2011
Business, Logistics

Intermodal 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, 2011
Business, Equipment

CVG 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, 2011
Business

Old 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, 2011
Business

Daimler 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