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.
Saia Buys Wisconsin LTL Carrier for $2.5 Million
Less-than-truckload carrier Saia Inc. said Thursday it has acquired Wisconsin-based LTL company Madison Freight Systems for about $2.5 million.
February 1, 2007Canadian For-Hire Companies’ Revenue Rose in 2Q ’06
There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.
February 1, 2007ISM Manufacturing Index Shows Contraction in January
The Institute for Supply Management’s January manufacturing index showed a contraction, as factories reined in orders to trim inventories, ISM said Thursday.
February 1, 2007Landstar System’s Fourth-Quarter Income Declines
Truckload carrier Landstar System’s fourth-quarter net income fell to $28.7 million or 50 cents a share, from $41.8 million or 70 cents a year earlier.
February 1, 2007Old Dominion’s Fourth-Quarter Profit Rises
Less-than-truckload carrier Old Dominion Freight Line’s fourth-quarter profit rose 21.5% to $17.8 million or 48 cents a share, from $14.7 million or 39 cents a year earlier.
February 1, 2007Target Logistics’ Fiscal Second-Quarter Income Dips
Freight forwarder Target Logistics’ fiscal second-quarter profit fell to $590,000 or 3 cents a share, from $976,000 or 5 cents in the previous second quarter.
February 1, 2007Personal Spending Rises 0.7% in December
Consumer personal spending rose in December by the most in five months and personal incomes also rose, the Commerce Department said Thursday.
February 1, 2007Initial Jobless Claims Fall 20,000 for Week
First-time U.S. jobless claims fell by 20,000 last week to 307,000, the Labor Department said Thursday.
February 1, 2007Delphi Lost $5 Billion in 2006
Bankrupt auto-parts maker Delphi Corp. lost $5.1 billion in 2006, including a $2.9 billion restructuring charge, the Detroit News reported Wednesday.
February 1, 2007Truck Suppliers See Obstacles in Push for ‘World’ Vehicle
LAS VEGAS — Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty “world truck,” but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.