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.
Express-1 Reports Higher 2Q Profit
Express-1 Expedited Solutions’ second-quarter profit rose to $1.5 million, or 5 cents per share, from $288,000, or 1 cent, a year ago.
August 12, 2010Trailer Bridge’s 2Q Income Improves
Trailer Bridge Inc. reported its second-quarter profit improved to $900,000, or 7 cents per share, from $650,000, or 5 cents, a year ago.
August 12, 2010GM Reports $1.3 Billion Second-Quarter Profit
General Motors Co. said Thursday it posted a $1.3 billion second-quarter profit, as it prepares to sell its stock to the public, the Associated Press reported.
August 12, 2010Import Prices Gain 0.2% in July
The price of goods imported to the United States rose 0.2% in July, the first gain in three months, the Labor Department said Thursday.
August 12, 2010Jobless Claims Hit Six-Month High
Initial jobless claims hit their highest level since mid-February, the Labor Department said Thursday.
August 12, 2010Panther Files for Initial Public Offering
Panther Expedited Services said it has filed for an initial public offering with the Securities and Exchange Commission.
August 11, 2010Flooding Closes I-35 in Iowa
Interstate 35 was closed near Ames, Iowa, Wednesday afternoon due to flash flooding, the Des Moines Register reported.
August 11, 2010DOT Freight Transport Index Rises in June
The Department of Transportation’s freight transportation services index rose 4.1% in June from a year ago, the fourth straight year-over-year increase.
August 11, 2010US 1 Industries’ Second-Quarter Profit Doubles
Logistics firm US 1 Industries said it earned $500,000, or 4 cents a share, in the second quarter, up from $250,000, or 2 cents, a year ago.
August 11, 2010AutoInfo’s Profit Grows in 2Q
Third-party logistics provider AutoInfo said its second-quarter earnings rose to $1.2 million, or 3 cents a share, from $608,000, or 2 cents, last year.
August 11, 2010