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.
Commercial Vehicle Group Reports 2Q Profit
Parts maker Commercial Vehicle Group said it earned $700,000 in the second quarter, turning around a $22.5 million loss from the same quarter last year.
August 5, 2010Jobless Claims Hit Three-Month High
Initial jobless claims hit a three-month high last week, the Labor Department said Thursday.
August 5, 2010Con-way’s Second-Quarter Income Declines
Con-way Inc. said its second-quarter net income fell to $13.9 million, or 26 cents per share, from $31.5 million, or 64 cents, a year ago.
August 4, 2010Patriot Transportation Reports 3Q Profit
Tank and bulk carrier Patriot Transportation Holding said Wednesday it posted a profit in its fiscal third quarter, turning around a loss from a year ago.
August 4, 2010Clarke’s Second-Quarter Income Drops
Canadian holding company Clarke Inc. said it earned C$2.8 million, or 11 cents per unit, in the second quarter, down from C$16.8 million, or 42 cents, a year ago.
August 4, 2010ISM Services Index Increases in July
The U.S. economy’s service sector expanded at a faster pace in July, the Institute for Supply Management said Wednesday.
August 4, 2010U.S. Auto Sales Rise in July
Most automakers posted higher U.S. sales in July, despite lingering consumer concerns over the economy, the Associated Press reported.
August 4, 2010Opinion: Don’t Lose Sleep Over CSA
I have been following with interest the published articles covering the Federal Motor Carrier Safety Administration’s new CSA program. The articles include a front-page story in the June 28 edition of this newspaper headlined “CSA Training Could Affect O-Os, Some Industry Officials Worry.”
August 4, 2010Accuride Reports Second-Quarter Profit
Commercial vehicle component manufacturer Accuride Corp. said it earned $6.5 million in the second quarter, compared with a loss of $36.1 million a year ago.
August 4, 2010Wabash National’s 2Q Loss Narrows
Trailer manufacturer Wabash National Corp.’s second-quarter loss narrowed to $5.6 million or 72 cents per share, from a loss of $17.9 million, or 59 cents, a year ago.
August 3, 2010