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.
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, 2010Third-Quarter Productivity Improves
U.S. workers’ productivity rose 1.9% in the third quarter, the Labor Department said Thursday.
November 4, 2010Wright 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, 2010Commercial 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, 2010Xata 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, 2010Jobless Claims Grow for Week
Initial jobless claims increased by 20,000 last week, the Labor Department said Thursday.
November 4, 2010NAFTA 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, 2010Election 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, 2010Con-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, 2010Arkansas 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