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

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, 2010
Business, Government, Safety

Judge 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, 2010
Business, Government, Safety

ATA 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, 2010
Business, Government

Factory 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, 2010
Business, Government, Safety

U.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, 2010
Government, Business, Safety

FedEx’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, 2010
Business

Jobless 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, 2010
Business, Government, Equipment

Cummins, 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, 2010
Business, Safety, Government, Logistics

Opinion: 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, 2010
Business, Safety, Government

Covenant’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