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, Equipment

Accuride Reports Third-Quarter Profit

Commercial vehicle component manufacturer Accuride Corp. Thursday said it posted a third-quarter profit compared with a loss a year ago, as net sales jumped 42%.

November 4, 2010
Business

Third-Quarter Productivity Improves

U.S. workers’ productivity rose 1.9% in the third quarter, the Labor Department said Thursday.

November 4, 2010
Business

Wright Express Reports Decline in 3Q Profit

Wright Express Corp.’s third-quarter profit fell to $20.6 million, or 53 cents per share, compared with $23.4 million, or 60 cents, a year ago.

November 4, 2010
Business

Commercial Vehicle Group Turns 3Q Profit

Parts maker Commercial Vehicle Group said it turned a third-quarter profit compared with a big loss a year ago, and predicted truck production would increase next year.

November 4, 2010
Business

Xata Reports Profit in Fiscal 4Q, Loss in Year

Transportation software firm Xata Corp. said it earned $60,000, or zero cents per share, in its fiscal fourth quarter, compared with a loss of $1.6 million, or 19 cents, a year ago.

November 4, 2010
Business

Jobless Claims Grow for Week

Initial jobless claims increased by 20,000 last week, the Labor Department said Thursday.

November 4, 2010
Government, Business

NAFTA Surface Trade Gains 25.3% in August

Surface transportation trade among the United States, Canada and Mexico rose 25.3% in August from a year earlier, the Department of Transportation said.

November 3, 2010
Business

Election Wave Sweeps in House Republicans

The Republicans’ recapturing of the House of Representatives Tuesday will mean a shift in power of transportation-related panels, and the Democratic casualties included long-time House Transportation Committee Chairman James Oberstar (D-Minn.), who lost the seat he has held since 1974.

November 3, 2010
Business

Con-way Reports Third-Quarter Loss

Con-way Inc. Wednesday reported a third-quarter loss compared with a profit a year ago, citing acquisition and other charges for the period.

November 3, 2010
Business

Arkansas Best’s 3Q Loss Narrows

Arkansas Best Corp. Wednesday said its third-quarter loss was narrower than a year ago as tonnage improved at its ABF Freight System less-than-truckload unit.

November 3, 2010