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, Logistics

Intermodal Traffic Rises 6.2% for Week

Intermodal traffic increased 6.2% last week compared with a year ago, the Association of American Railroads reported.

January 28, 2011
Business, Government

Consumer Confidence Falls Slightly

Consumer confidence slipped in January from a six-month high in December, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

January 28, 2011
Perspective, Business, Equipment

Opinion: Truck Maintenance Tips: The Top 11 for 2011

Let’s face it; nobody likes to make the same mistake twice. Maintenance professionals in particular always should be looking for procedures that have prevented downtime and failures in the past.

January 28, 2011
Business

Covenant Reports Fourth-Quarter Profit

Covenant Transportation Group reported a fourth-quarter profit of  $700,000, or 5 cents per share, compared with a loss of $2.7 million, or 19 cents, a year earlier.

January 27, 2011
Business

Eaton’s 4Q Profit Jumps 30% on Strong Truck Market

Truck and auto components maker Eaton Corp. said Thursday its fourth-quarter profit jumped 30% on stronger performance by its truck unit.

January 27, 2011
Business

USA Truck’s Fourth-Quarter Loss Narrows

USA Truck reported a loss of $1.8 million, or 17 cents per share, compared with a loss of $2.5 million, or 24 cents, a year ago.

January 27, 2011
Business

Caterpillar’s 4Q Income More Than Quadruples

Heavy equipment maker Caterpillar Inc. said Thursday its fourth-quarter net income more than quadrupled on higher sales.

January 27, 2011
Business

Durable Goods Orders Slip in December

Durable goods orders declined 2.5% in December but improved excluding transportation orders, the Commerce Department said Thursday.

January 27, 2011
Business

Initial Jobless Claims Grow for Week

Initial jobless claims increased by 51,000 last week, the Labor Department said Thursday.

January 27, 2011
Business

Werner’s Fourth-Quarter Earnings Rise 34%

Werner Enterprises said its fourth-quarter profit jumped 34% on higher freight demand.

January 27, 2011