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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.