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.
Con-way’s 4Q Loss Narrows
Con-way Inc. said late Thursday it lost $1.9 million, or 4 cents a share, in the fourth quarter, compared with a loss of $43 million, or 94 cents, a year earlier.
February 4, 2010Judge Rules Against Calif. Trucking Company over Classification
A state judge in Los Angeles has issued a civil judgment against a California trucking company that misclassified its drivers as independent contractors, California Attorney General Edmund Brown Jr. said Thursday.
February 4, 2010ATA Calls for Curbs on Oil Speculation
American Trucking Associations has joined forces with farmers, manufacturers and consumer groups calling on Congress to more strictly regulate excessive oil speculation.
February 4, 2010Factory Orders Continue to Improve
U.S. factory orders rose 1% in December, marking the eighth gain in nine months, the Commerce Department said Thursday.
February 4, 2010U.S. Worker Productivity Climbs at 6.2% Rate
U.S. workers’ productivity surged in the fourth quarter to an annual rate of 6.2%, capping the largest one-year gain since 2003, the Labor Department said Thursday.
February 4, 2010FedEx’s Memphis Hub Remains Busiest Cargo Airport
FedEx Corp.’s Memphis, Tenn., home airport remained the world’s busiest for cargo for the 18th straight year as the gap with Hong Kong widened because of a drop in shipments from Asia, Bloomberg reported Thursday.
February 4, 2010Jobless Claims Increase for Week
Initial jobless claims grew by 8,000 last week, the largest increase in seven weeks, the Labor Department said Thursday.
February 4, 2010Cummins, Chrysler Set Contract Extension
Cummins Inc. announced a multi-year extension of its current agreement with Chrysler Group, continuing a partnership that began 21 years ago.
February 4, 2010Opinion: Truck Driver Training: The Reality
We almost made it through 2009 without another national news exposé of the trucking industry, but then came November and December. This time, the focus was on truck driver training and motor carrier employment practices.
February 4, 2010Covenant’s 4Q Loss Narrows
Covenant Transportation Group said late Wednesday its fourth-quarter loss narrowed from a year ago, as freight revenue declined.
February 3, 2010