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

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, 2010
Business

Oshkosh Sees 4Q Income Fall

Oshkosh Corp. said Thursday its fiscal fourth-quarter profit fell, due in part to discontinued operations.

October 28, 2010
Business

MAN’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, 2010
Business

P.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, 2010
Business

Old 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, 2010
Business

Celadon Group’s Fiscal 1Q Profit Improves

Truckload carrier Celadon Group’s fiscal first-quarter profit increased as its rate-per-mile improved.

October 27, 2010
Business

Durables 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, 2010
Business, Government

New 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, 2010
Business

September 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, 2010
Business, Logistics

Canadian 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