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.
Mullen Group’s 1Q Income Declines
Canadian transportation firm Mullen Group’s first-quarter net income fell to C$23.7 million or 29 cents per share, from C$31 million, or 38 cents, a year ago.
April 30, 2010Universal Truckload’s 1Q Income Improves
Universal Truckload Services’ first-quarter profit rose to $2.1 million, or 13 cents per share, from $100,000, or 1 cent, a year ago.
April 30, 2010Consumer Confidence Declines
U.S. consumer confidence fell this month, but was higher than previously estimated, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
April 30, 2010Chicago Factory Index Expands at Fastest Pace in 5 Years
Manufacturing activity levels in the Chicago region expanded in April at the fastest pace in five years, the Institute for Supply Chain Management-Chicago said Friday.
April 30, 2010Intermodal Traffic Grows for Week
Intermodal rail traffic rose 15.1% last week from the same week a year ago, the Association of American Railroads said.
April 30, 2010NAFTA Surface Trade Takes Record Jump
Surface transportation trade among the United States, Canada and Mexico jumped 24.1% in February from a year ago, the highest gain on record, the Department of Transportation said Thursday.
April 29, 2010Opinion: The First 24 Hours After an Accident
Any commercial carrier accident involving personal injury or property damage has lawsuit potential, and the public is usually quick to blame the truck driver.
April 29, 2010Covenant’s First-Quarter Loss Narrows
Covenant Transportation Group’s first-quarter loss narrowed from a year ago to $2.2 million, or 15 cents a share, from a loss of $5.5 million, or 39 cents, a year ago.
April 29, 2010Oshkosh Posts Second-Quarter Profit
Oshkosh Corp. said Thursday it turned a profit in its fiscal second quarter on higher military orders, compared with a big loss a year ago.
April 29, 2010Jobless Claims Drop for Week
Initial jobless claims decreased by 11,000 last week, the Labor Department said Thursday.
April 29, 2010