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.
Ryder Gets Boeing Transportation Contract
Ryder System said Friday that that aerospace firm Boeing Co. has chosen Ryder to provide global transportation management services.
October 19, 2007China Trucking Panel Set for MCE
Opportunities in trucking and logistics in China’s burgeoning economy will be the subject of a panel discussion at American Trucking Associations’ annual meeting in Orlando, Fla., next week.
October 19, 2007Covenant Takes Third-Quarter Loss
Covenant Transportation Group reported it lost $3.6 million or 25 cents a share, compared with a net income of $795,000 or 6 cents a year earlier.
October 19, 2007Philadelphia Factory Index Dips
Manufacturing levels declined in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.
October 18, 2007Landstar’s 3Q Earnings Dip
Truckload carrier Landstar System said Thursday its third-quarter net income slipped from a year ago, though its per-share income rose.
October 18, 2007Union Pacific Reports Record 3Q Revenue
Union Pacific Corp. said Thursday its third-quarter earnings jumped 27% to $532 million or $2 a share, from $420 million or $1.54 a year ago.
October 18, 2007Knight’s Third-Quarter Earnings Decline
Truckload carrier Knight Transportation’s third-quarter profit fell to $14.5 million or 17 cents a share, from $18.9 million or 22 cents a year ago.
October 18, 2007USA Truck’s 3Q Profit Plunges
Truckload carrier USA Truck said Thursday its third-quarter profit dropped to a near loss, due to a “challenging” freight environment.
October 18, 2007Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in September, the New York-based Conference Board said Thursday.
October 18, 2007Jobless Claims Rise 28,000 for Week
Initial jobless claims rose by 28,000 last week to 337,000, the Labor Department said Thursday.
October 18, 2007