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.
Existing Home Sales Fall 3%
Existing homes sales fell 3% in March, the National Association of Realtors said Thursday.
April 23, 2009Jobless Claims Rise for Week
Initial jobless claims rose by 27,000 last week, the Labor Department said Thursday.
April 23, 2009Canadian Pacific Reports Lower 1Q Income
Canadian freight railroad Canadian Pacific’s first-quarter net income fell 31.1% to C$62.5 million, or 39 cents a share, from C$90.7 million, or 59 cents a share a year earlier.
April 23, 2009Rush Reports Lower First-Quarter Profit
Truck dealership Rush Enterprises’ first-quarter net income fell to $2.9 million, or 8 cents a share, from $9.7 million, or 25 cents, a year ago.
April 22, 2009Knight’s First-Quarter Income Improves
Truckload carrier Knight Transportation’s first-quarter profit rose to $11.7 million, or 14 cents a share, from $11.4 million, or 13 cents, a year ago.
April 22, 2009Vitran Reports First-Quarter Loss
Vitran Corp. lost $2.4 million, or 17 cents a share in the first quarter, compared with a profit of $1.1 million, or 8 cents, a year earlier.
April 22, 2009Hub Group’s 1Q Profit Falls
Intermodal firm Hub Group Inc.’s first-quarter net income fell 53% to $6.2 million, or 17 cents a share, from $13.1 million, or 35 cents, a year ago.
April 22, 2009Arkansas Best Reports $18 Million 1Q Loss
Arkansas Best Corp. Wednesday reported a first-quarter loss of $18.2 million, or 73 cents a share, compared with a profit of $8.5 million, or 34 cents, a year ago.
April 22, 2009Opinion: After the Recession Ends . . .
We may not know when the current recession will be over, but we do know that we’re getting closer with every passing day. This is not the first recession the trucking industry has seen, nor will it be the last.
April 22, 2009Ryder’s 1Q Income Plunges 88%
Ryder System said Wednesday its first-quarter profit fell 88% and that it was suspending earnings forecasts for future quarters due to the uncertain economy.
April 22, 2009