The Department of Transportation said its freight transportation services index fell 6.5% in March from a year earlier to its lowest level in more than six years.
May 13, 2009Trucking 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.
Initial Weekly Jobless Claims Rise
Initial jobless claims rose last week while the number of people receiving continuing claims set a record for the 15th straight week, the Labor Department said Thursday.
May 14, 2009Opinion: Slow Pay: Trouble in Tough Times
Slower payment of invoices and “extended receivables” is a troubling business trend of late. Slow pay restricts cash flow and could put carriers out of business — even those with otherwise excellent operations. Focused on their core business of moving freight, carriers sometimes overlook key opportunities in the critical business process that follows successful delivery.
May 14, 2009Express-1’s First-Quarter Profit Plunges
Express-1 Expedited Solutions said its first-quarter profit plunged to $5,000, from $643,000 a year ago.
May 13, 2009Velocity Express Reports Fiscal 3Q Loss
Velocity Express Corp. reported it lost $13.7 million, or $3.73 a share, in its fiscal third quarter, compared with a loss of $10.6 million, or $3.78, a year earlier.
May 13, 2009DOT Freight Index Falls 6.5% in March
WebTech Wireless Reports First-Quarter Profit
WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a profit of $115,000, or zero cents per share for the fiscal quarter ended March 31, compared with a loss of $1.95 million, or 3 cents per share, in the same quarter last year.
May 13, 2009Livingston Reports 1Q Loss
Canadian customs broker and logistics firm Livingston International Income Fund posted a loss of C$17.3 million in the first quarter of 2009, or 64 cents per unit, compared with a profit of C$8.2 million, or 30 cents, the year before.
May 13, 2009Retail Sales Fall 0.4%, Commerce Says
Retail sales fell 0.4% in April, the Commerce Department said Wednesday.
May 13, 2009Import Prices Rise 1.6% on Higher Oil
The price of goods imported to the United States rose for a second straight month in April as oil prices increased, the Labor Department said Wednesday.
May 13, 2009ATA Recognizes National Transportation Week
American Trucking Associations said Wednesday it celebrating National Transportation Week by bringing trucking industry outreach programs to public events around the country.
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