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, Government

Factory Orders Jump 2.4% in December

Factory orders jumped 2.4% in December on higher demand for business equipment, motor vehicles and aircraft, the Commerce Department said Friday.

February 2, 2007
Business, Government

Michigan Consumer Sentiment Index Hits Two-Year High

U.S. consumer confidence rose to a two-year high in January, according to the University of Michigan’s monthly consumer sentiment index released said Friday.

February 2, 2007
Business, Autonomous

Oshkosh’s Fiscal First-Quarter Earnings Slip; Sales Rise

Specialty truck maker Oshkosh Truck Corp.’s fiscal first-quarter profit fell to $41.2 million or 55 cents a share, from $53.1 million or 72 cents a year earlier, the company said Friday.

February 2, 2007
Business, Safety, Government

Patriot Transportation’s Fiscal 1Q Income Improves

Patriot Transportation Holding reported net income of $2.2 million or 69 cents a share for its fiscal first quarter, up from $1.9 million or 62 cents a year earlier.

February 2, 2007
Business, Safety, Government

Florida Storms Cause Accidents, Wreak Havoc in State

Big thunderstorms and tornadoes blew through central Florida Friday, killing as many as 19 people and causing accidents on interstates, including one that tossed a tractor-trailer airborne, news reports said.

February 2, 2007
Business, Government, Safety, Technology, Equipment

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, 2007
Business, Government, Logistics, Autonomous

Canadian 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, 2007
Business, Safety, Government

ISM 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, 2007
Business, Technology, Equipment, Safety

Landstar 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, 2007
Business

Old 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, 2007