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.
Werner’s First-Quarter Income Plunges
Truckload carrier Werner Enterprises said late Wednesday its first-quarter net income plunged to $8.4 million, or 12 cents a share, from $15.7 million, or 21 cents, a year earlier.
April 17, 2008Leading Economic Indicators Rise in March
An index of leading economic indicators rose 0.1% last month, the first increase in six months, the New York-based Conference Board said Thursday.
April 17, 2008Philadelphia Factory Index Declines in April
Manufacturing levels in the Philadelphia region declined this month, the Federal Reserve Bank of Philadelphia said.
April 17, 2008USA Truck Reports $1.9 Million Loss
Truckload carrier USA Truck said Thursday it lost $1.9 million in the first quarter, due to “sluggish freight demand.”
April 17, 2008Initial Jobless Claims Rise by 17,000 for Week
Initial jobless claims rose by 17,000 last week, the Labor Department said Thursday.
April 17, 2008Bush Proposes Climate-Change Strategy
President Bush Wednesday called for a halt in the growth of greenhouse gases by 2025, the Associated Press reported.
April 17, 2008Hino Shifting Medium-Duty Work to W. Va.
Hino Motors Ltd. said it will halt assembly of trucks in California and shift the work to a West Virginia factory to consolidate U.S. production, Bloomberg reported.
April 17, 2008Grocery Chain Supervalu Reports Record Earnings
Grocery chain Supervalu Inc. said Thursday its fiscal fourth-quarter sales and earnings reached records.
April 17, 2008iTECH: Truck Telematics Ripe for Growth, Market Study Says
The market for commercial vehicle telematics in North America may be poised for a second wave of innovation and growth, according to a market study.
April 16, 2008Lovetro to Become USF Holland’s President, YRC Says
YRC Worldwide unit USF Holland’s president, John O’Sullivan, has left his position and will be succeeded by Keith Lovetro, who leads YRC’s Regional Transportation unit, Bloomberg reported Wednesday.
April 16, 2008