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.
FedEx Completes Acquisition of Indian Express Firm
FedEx Corp. said Wednesday it completed its previously announced acquisition of Indian firm Prakash Air Freight Pvt. Ltd. Terms were not disclosed.
January 31, 2007Saia’s Fourth-Quarter Income Declines
Saia Inc. said Wednesday its fourth-quarter net income fell to $5.2 million or 35 cents a share, from $10.7 million or 73 cents for the previous fourth quarter.
January 31, 2007Security & Safety Briefs — Jan. 25 - Jan. 31
TSA Awards TWIC Contract to Lockheed Martin • Canada Passes Border Security Bill • Railroads to Get More Safety Scrutiny • EU Customs Chief Criticizes Cargo-Screening Measure
January 31, 2007Japan’s Hino Motors’ Fiscal Third-Quarter Profit Falls 45%
Hino Motors Ltd., Japan’s largest maker of heavy-duty trucks, saw its fiscal third-quarter profit drop 45% as the company spent more to develop new models and expand production, Bloomberg reported.
January 31, 2007Shippers Back Increasing Weight Limit for Trucks
Click here to write a Letter to the Editor.WASHINGTON — Shippers would like to see a switch to larger trucks, and U.S. safety inspectors monitoring size-and-weight rules could have more technology at their disposal in the coming years, according to a Transportation Research Board panel discussion here.
Construction Spending Declines 0.4% in December
U.S. construction spending fell 0.4% December, the Commerce Department said Wednesday.
January 31, 2007January Chicago Manufacturing Index Shows Contraction
The National Association of Purchasing Management-Chicago’s manufacturing index fell in January to the first contraction since April 2003, NAPM said Wednesday.
January 31, 2007Fourth-Quarter GDP Jumps 3.5%; Full-Year Growth Was 3.4%
The U.S. economy expanded at a 3.5% annual rate in the fourth quarter, the Commerce Department said Wednesday, the strongest since last year’s first quarter.
January 31, 2007STB Ruling Hits Rail Fuel-Surcharge Practices
The Surface Transportation Board ruled that freight railroads not calculate their fuel surcharges as a percentage of their base rates.
January 31, 2007C.H. Robinson’s Fourth-Quarter, Full-Year Income Show Gains
Transportation and logistics firm C.H. Robinson Worldwide's 2006 net income rose to $266.9 million or $1.53 a share, up from $203.4 million or $1.16 in 2005.
January 30, 2007