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.
Saia’s 1Q Loss Narrows
Saia Inc. said Thursday its first-quarter loss narrowed to $3.2 million, or 21 cents a share, from a loss of $6.3 million, or 47 cents a year ago.
April 29, 2010Fed Again Holds Interest Rate at Record Low
For the 12th straight time, the Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
April 28, 2010Goodyear’s 1Q Loss Narrows
Goodyear Tire & Rubber Co. said Wednesday its first-quarter loss was less than a loss in the same quarter last year.
April 28, 2010Groups Ask FMCSA to Streamline Intermodal Interchange
Trade groups representing ocean carriers and lessors that provide chassis to drayage carriers have asked the Federal Motor Carrier Safety Administration to streamline the intermodal interchange process and cut down on paperwork for truckers.
April 28, 2010Truck Tonnage Jumps 7.5%
U.S. truck tonnage jumped 7.5% in March from a year ago, the fourth straight year-over-year increase, American Trucking Associations said.
April 28, 2010Vitran’s First-Quarter Loss Narrows
Vitran Corp. said late Tuesday it lost $900,000, or 6 cents a share, in the first quarter, narrowing its loss of $2.4 million, or 17 cents, in the same period last year.
April 28, 2010P.A.M. Lowers First-Quarter Loss
P.A.M. Transportation Services said it lost $315,000 in the first quarter, compared with a $3.3 million loss a year ago.
April 28, 2010ODFL’s 1Q Income Improves
Old Dominion Freight Line said Wednesday its first-quarter profit rose to $7.7 million, or 21 cents per share, from $4 million, or 11 cents, a year ago.
April 28, 2010Norfolk Southern’s Profit Jumps
Norfolk Southern Corp. reported that its first-quarter profit rose 45% from a year ago.
April 28, 2010Canadian Pacific’s 1Q Profit Improves
Canadian freight railroad Canadian Pacific’s first-quarter net income jumped 74% to C$99.8 million, or 59 cents per share, from C$57.3 million, or 36 cents, a year earlier.
April 28, 2010