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, Fuel

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, 2010
Business

Jobless Claims Hit Three-Month High

Initial jobless claims hit a three-month high last week, the Labor Department said Thursday.

August 5, 2010
Business

Con-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, 2010
Business

Patriot 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, 2010
Business

Clarke’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, 2010
Business, Equipment

ISM 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, 2010
Business

U.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, 2010
Business, Government, Safety

Opinion: 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, 2010
Business, Equipment

Accuride 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, 2010
Business, Equipment

Wabash 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