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, Top 100

USA Truck Sets Quarterly Revenue Record for Q2

USA Truck saw revenue increase to a new quarterly record during the second quarter of 2021, the company reported July 29.

Connor D. Wolf | Staff Reporter
July 30, 2021
Business, Equipment, TCA

Big Rig Brings Big Smiles for Students With Autism

RANDOLPH, Mass. — For weeks and months before it happens each year, students with autism at the Boston Higashi School anticipate members of the Teamsters Local 25 union rolling up to the front door in its big rig.

Wheeler Cowperthwaite | The Patriot Ledger
July 30, 2021
Government, Business

Consumers Boost Spending 1% as Inflation Remains High

WASHINGTON — American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus.

Martin Crutsinger | Associated Press
July 30, 2021
Business, Equipment

Caterpillar 2Q Revenue Up on Higher Equipment Demand

Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.

Michelle Chapman | Associated Press
July 30, 2021
Business, Fuel

Exxon Posts $4.7 Billion in Q2 Profit as Fuel Demand Rebounds

NEW YORK — ExxonMobil swung back to a profit and topped expectations on profit and revenue during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.

Cathy Bussewitz | Associated Press
July 30, 2021
Business, Logistics

Amazon Delivers a Mixed Bag of Q2 Results

NEW YORK — Amazon on July 29 turned in a mixed bag of results for its fiscal second quarter, coming up short of Wall Street expectations in revenue but beating them on profits.

Anne D’Innocenzio | Associated Press
July 29, 2021
Business, Top 100

Saia Reports Q2 Profit, Revenue Increases

Saia Inc. reported large second-quarter increases in profit and revenue, helped by improved operating efficiency and the economic rebound from the COVID-19 recession.

Jerry Hirsch | Contributing Writer
July 29, 2021
Business

Norfolk Southern Posts Increase in Earnings, Revenue for Q2

Norfolk Southern Corp. saw increases in profit and revenue in the second quarter, the Class I railroad reported July 28.

Connor D. Wolf | Staff Reporter
July 29, 2021
Government, Business

Senate Infrastructure Plan Receives Bipartisan Backing

A vote in the U.S. Senate to launch debate on a comprehensive infrastructure bill and the passage of fiscal 2022 transportation funding in the House of Representatives coalesced to create an unofficial “infrastructure week” spearheaded by congressional funding proponents and the Biden White House.

Eugene Mulero | Senior Reporter
July 29, 2021
Business, Logistics, Top 50

C.H. Robinson Reports Q2 Earnings, Revenue Spikes

C.H. Robinson saw a 34.6% increase in net income during the second quarter, the company reported July 27.

Connor D. Wolf | Staff Reporter
July 29, 2021