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.
Jobless Claims Decline for Week
Initial jobless claims fell by 21,000 last week to the lowest level since early July, the Labor Department said Thursday.
October 28, 2010Oshkosh Sees 4Q Income Fall
Oshkosh Corp. said Thursday its fiscal fourth-quarter profit fell, due in part to discontinued operations.
October 28, 2010MAN’s Third-Quarter Income Improves
German truck maker MAN SE’s third-quarter net income jumped to about $250 million, from $6 million a year ago, the company said Thursday.
October 28, 2010P.A.M. Reports Third-Quarter Loss
P.A.M. Transportation Services reported a third-quarter loss Wednesday, citing a softer freight market and increased costs.
October 27, 2010Old Dominion’s 3Q Income More Than Doubles
Old Dominion Freight Line said Wednesday its third-quarter income more than doubled on stronger less-than-truckload pricing.
October 27, 2010Celadon Group’s Fiscal 1Q Profit Improves
Truckload carrier Celadon Group’s fiscal first-quarter profit increased as its rate-per-mile improved.
October 27, 2010Durables Orders Rise 3.3%
Durable goods orders rose 3.3% in September led by a doubling of aircraft orders, the Commerce Department said Wednesday.
October 27, 2010New Home Sales Rise in September
New home sales increased in September, the second month of growth in a row, the Commerce Department said Wednesday.
October 27, 2010September Truck Tonnage Rises 5.1%
Truck tonnage rose 5.1% in September, the 10th straight year-over-year increase, American Trucking Associations said.
October 27, 2010Canadian National’s Third-Quarter Income Rises 21%
Canadian National Railway Co. said its third-quarter net income rose 21% to C$556 million, or C$1.19 per share, from C$461 million or 97 cents per share, a year earlier.
October 27, 2010