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.
New Jobless Claims Jump 37,000 for Week
Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.
July 22, 2010Existing 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, 2010Leading 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, 2010Werner’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, 2010Covenant 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, 2010Rush 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, 2010Hub 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, 2010Knight 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, 2010Arkansas 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, 2010Eaton’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