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.
Roadrunner Reports Higher 1Q Profit
Roadrunner Transportation Systems reported a first-quarter profit of $4.4 million, or 14 cents a share, up from $940,000, or 5 cents, a year ago.
May 5, 2011Quality’s 1Q Income, Revenue Improve
Tank truck carrier Quality Distribution said its first-quarter profit improved on higher revenue led by stronger intermodal and logistics operations.
May 5, 2011Xata Reports Smaller Loss in Fiscal 2Q
Transportation software firm Xata Corp. said it lost $781,000, or 7 cents per share, in its fiscal second quarter, compared with a loss of $2.1 million, or 23 cents, a year earlier.
May 5, 2011Productivity Slows in First Quarter
U.S. workers’ productivity slowed in the first quarter as employers hired more workers, the Labor Department said Thursday.
May 5, 2011Patriot Transportation’s 2Q Profit Rises
Tank and bulk carrier Patriot Transportation Holding’s fiscal second-quarter net income rose to $1.7 million, or 18 cents a share, from $1.4 million, or 15 cents, a year ago.
May 5, 2011Jobless Claims Hit Nine-Month High
Initial jobless claims fell last week by the most since August, the Labor Department reported Thursday.
May 5, 2011Commercial Vehicle Group Reports Higher 1Q Profit
Components maker Commercial Vehicle Group said its first quarter profit rose from a year ago on higher sales and stronger vehicle markets.
May 4, 2011Wabash Swings to First-Quarter Profit
Trailer manufacturer Wabash National Corp. reported a first-quarter profit on improved sales, turning around a loss from a year ago.
May 4, 2011Oil Falls to Two-Week Low Under $109
Oil fell more than $2 Wednesday to a two-week low under $109 a barrel following a report that showed crude supplies reached a six-month high last week, Bloomberg reported.
May 4, 2011Intermec’s Loss Widens; CEO Departs
Intermec said its first-quarter loss widened on higher costs and that CEO Patrick Byrne has left the company.
May 4, 2011