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

New Jobless Claims Jump 37,000 for Week

Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.

July 22, 2010
Business

Existing Home Sales Fall for Second Month

Sales of existing home fell for a second straight month in June, the National Association of Realtors said Thursday.

July 22, 2010
Government, Business

Leading Economic Indicators Drop 0.2%

An index of leading economic indicators fell 0.2% in June, the second drop in three months, the New York-based Conference Board said Thursday.

July 22, 2010
Business

Werner’s 2Q Income Improves

Werner Enterprises said late Wednesday its second-quarter profit rose, as freight shipments strengthened and overall industry capacity fell.

July 21, 2010
Business

Covenant Turns First Profit Since Late ’07

Covenant Transportation Group said late Wednesday it turned a profit in the second quarter, posting its best performance in several years.

July 21, 2010
Business

Rush Enterprises Posts 2Q Profit

Truck dealership Rush Enterprises reported a second-quarter profit of $5.7 million, or 15 cents a share, turning around a loss from a year ago of $1.5 million, or 4 cents per share.

July 21, 2010
Business, Logistics

Hub Group’s Second-Quarter Earnings Increase

Logistics and intermodal firm Hub Group’s second-quarter profit rose 16% to $9.6 million, or 26 cents a share, from $8.3 million, or 22 cents, a year ago.

July 21, 2010
Business

Knight Reports Higher 2Q Profit

Truckload carrier Knight Transportation said Wednesday its second-quarter profit jumped 26% to $15.8 million, or 19 cents a share, from $12.6 million, or 15 cents, a year ago.

July 21, 2010
Business

Arkansas Best Cuts 2Q Loss in Half

Arkansas Best Corp. said Wednesday its second-quarter loss was half that of a year ago, as revenue and tonnage improved.

July 21, 2010
Business

Eaton’s 2Q Profit Jumps

Vehicle parts manufacturer Eaton Corp. said Wednesday its second-quarter profit jumped as its truck segment sales improved 53%.

July 21, 2010