USA Truck Inc. posted record fourth-quarter earnings as the company rebounded from a year-ago loss to a profit in the three-month period ending Dec. 31.
February 5, 2021Trucking 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.
YRC Becomes Yellow, Announces Q4 Earnings and Continues Rebuilding Its Fleet
The recently rebranded Yellow Corp. — formerly YRC Worldwide — narrowed annual losses by nearly half even as fourth-quarter losses widened, and said it is bolstering operations through property divestitures and investments in new equipment.
February 5, 2021Employers Add Just 49,000 Jobs as Unemployment Falls to 6.3%
WASHINGTON — U.S. employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
February 5, 2021Trade Deficit Rises to $679 Billion, the Highest Since 2008
WASHINGTON — The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump’s attempts to rebalance America’s trade with the rest of the world.
February 5, 2021Ford to Cut Back F-150 Production Due to Chip Shortage
CHARLOTTE, N.C. — Ford Motor Co. said Feb. 4 that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that also has impacted other automakers.
February 5, 2021Werner Reports Net Income Increased 25% to $60.6M for Q4
Werner Enterprises Inc. saw fourth-quarter earnings increase from the year-ago period while revenue declined slightly, the company reported Feb. 4.
February 4, 2021Werner Reports Net Income Increased 25% to $60.6M for Q4
Werner Enterprises Inc. saw fourth-quarter earnings increase from the year-ago period while revenue declined slightly, the company reported Feb. 4.
February 4, 2021Cummins Posts Higher Q4 Earnings, Revenue
Cummins Inc. reported higher earnings and revenue in the fourth quarter amid gains in both its engines and components business segments in China and India.
February 4, 2021Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics
SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.
February 4, 2021Old Dominion Posts Q4 Gains in Earnings, Revenue
Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and, despite the COVID-19 pandemic, finished 2020 with a rise in net income.
February 4, 2021Trending
Newsletter Signup
Subscribe to Transport Topics