Intermodal traffic increased 0.8% last week from a year ago, the Association of American Railroads reported.
August 5, 2011Trucking 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.
Obama Signs Measure Ending FAA Shutdown
President Obama signed legislation Friday ending a two-week partial shutdown of the Federal Aviation Administration, the Associated Press reported.
August 5, 2011Trucking Adds 1,300 Jobs as July Unemployment Rate Dips to 9.1%
The U.S. unemployment rate declined a tenth of a point in July to 9.1%, while the economy added 117,000 jobs to payrolls, the Labor Department said Friday.
August 5, 2011Contrans’ 2Q Income Edges Higher
Canadian carrier Contrans Group reported second-quarter net income of C$5.2 million, or 15 cents a share, compared with C$5.1 million, or 16 cents, a year earlier.
August 5, 2011FreshStart Logistics Teams With Datatrac
FreshStart Logistics, a maker of transportation technology products, is partnering with counterpart Datatrac Corp.
August 5, 2011FedEx Completes Acquisition of Mexico’s MultiPack
FedEx Corp. said it has completed the acquisition of Mexico’s Servicios Nacionales Mupa S.A de C.V., or MultiPack.
August 5, 2011Visteon Posts Second-Quarter Profit
Truck and automobile parts maker Visteon Corp. posted second-quarter net income of $26 million, or 50 cents a share, turning around a loss of $201 million, or $1.55 per share, a year ago.
August 5, 2011Cooper Tire’s 2Q Income Declines
Cooper Tire & Rubber Co. said second-quarter earnings at its Cooper Tire division fell to $12 million, or 18 cents a share, from $19 million, or 30 cents, a year ago.
August 5, 2011Opinion: Can This Marriage Be Saved?
It takes a significant effort on the part of suppliers and customers alike to ensure that strains on key supplier-customer relationships are avoided, and there is a common focus on the contributions that create value.
August 5, 2011Oil Drops to Five-Month Low Under $90 a Barrel
Oil finished the trading day Thursday at its lowest level since February, diving below $90Â a barrel as equities markets plunged, Bloomberg reported.
August 4, 2011Trending
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