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

TravelCenters of America Trims Workforce by 8%

Truck stop chain TravelCenters of America said Friday it has reduced the workforce at its headquarters and other locations by 190 employees, or about 8% of its managerial personnel.

March 7, 2008
Business

Payrolls Decline; Unemployment Dips to 4.8%

U.S. payrolls declined in February for a second straight month, and the unemployment rate dipped to 4.8% from 4.9%, the Labor Department said Friday.

March 7, 2008
Business, Safety, Government

Washington State Seeks Trucking Input for Parking Survey

The Washington State Department of Transportation is asking truckers and trucking companies for information to help develop truck parking in the state, in particular along key interstates.

March 7, 2008
Business

Frozen Food Express Reports 4Q Loss

Refrigerated truckload carrier Frozen Food Express Industries said it lost $3.5 million, or 21 cents a share, in the fourth quarter, compared with net income of $4.3 million, or 24 cents, a year earlier.

March 7, 2008
Government, Business, Safety

Clocks Move Forward One Hour on Sunday for Daylight Saving Time

The Department of Transportation reminds that Daylight Saving Time will begin this Sunday, March 9, with clocks being set ahead one hour for most Americans.

March 6, 2008
Business

Deutsche Post’s 4Q Profit Falls

Deutsche Post said Thursday its fourth-quarter profit plunged 61% on a writedown of its U.S. DHL Express unit, Bloomberg reported.

March 6, 2008
Business

Navistar Releases 2006 Results

Navistar International Corp. said Thursday it filed its financial results for 2006, as it attempts to catch up with its back financial reporting.

March 6, 2008
Government, Business, Logistics

Dynamex Reports Fiscal 2Q Earnings Dip

Logistics and delivery firm Dynamex Inc. said its second-quarter net income was $3.4 million, or 33 cents a share, compared with $3.7 million, or 35 cents, a year earlier.

March 6, 2008
Business

Jobless Claims Fall 24,000 for Week

Initial jobless claims fell by 24,000 for the week ended Saturday, the Labor Department said.

March 6, 2008
Business, Safety, Government, Fuel

Fed ‘Beige Book’ Cites Freight Slowdown

The U.S. economy has weakened since the start of the year, hitting both freight transportation and manufacturing, both of which are dealing with soaring energy prices, the Federal Reserve said Wednesday.

March 5, 2008