Trucking Business News

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, Logistics

Swift Files Registration for IPO

Swift Corp. said its wholly owned subsidiary Swift Holdings Corp. has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering.

July 22, 2010
Business

UPS’ 2Q Income Jumps 71%

UPS Inc. said Thursday its second-quarter profit jumped 71% on stronger international shipments, and the company boosted its full-year earnings outlook.

July 22, 2010
Business

Vitran’s Second-Quarter Income Improves

Vitran Corp.’s second-quarter net income jumped to $1.7 million, 11 cents per share, up from $400,000, or 3 cents, a year ago.

July 22, 2010
Business, Autonomous

USA Truck Returns to Profit

USA Truck Thursday reported a $900,000 profit in the second quarter, compared with a $1.2 million loss a year ago.

July 22, 2010
Business

Caterpillar’s 2Q Income Jumps on Higher Worldwide Sales

Heavy equipment maker Caterpillar Inc. said Thursday its second-quarter net income jumped 91% on higher worldwide sales of industrial equipment.

July 22, 2010
Business, Logistics

Union Pacific’s 2Q Earnings Rise 53%

Union Pacific Corp. said Thursday its second-quarter net income rose 53% to $711 million, or $1.40 a share.

July 22, 2010
Business

New Jobless Claims Jump 37,000 for Week

Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.

July 22, 2010
Business

Existing ºÚÁϳԹÏÍø Sales Fall for Second Month

Sales of existing home fell for a second straight month in June, the National Association of Realtors said Thursday.

July 22, 2010
Government, Business

Leading Economic Indicators Drop 0.2%

An index of leading economic indicators fell 0.2% in June, the second drop in three months, the New York-based Conference Board said Thursday.

July 22, 2010
Business

Werner’s 2Q Income Improves

Werner Enterprises said late Wednesday its second-quarter profit rose, as freight shipments strengthened and overall industry capacity fell.

July 21, 2010