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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

Echo Global Logistics’ 2Q Income Rises

Echo Global Logistics said its second-quarter profit rose as revenue climbed.

July 27, 2012
Business

Saia’s 2Q Income Rises

Saia Inc. said its second-quarter net income increased to $11.9 million, from $3.4 million in the prior-year period.

July 27, 2012
BusinessGovernmentLogistics

Consumer Confidence Drops to Lowest Level This Year

Consumer confidence dropped in July to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

July 27, 2012
GovernmentBusiness

U.S. Economy Grows at 1.5% Pace in Second Quarter

The U.S. economy grew at a 1.5% annual rate in the second quarter as consumers trimmed spending, the Commerce Department reported Friday.

July 27, 2012
Business

Oshkosh's 3Q Income Rises to $75.7 Million

Oshkosh Corp. said higher defense sales pushed its fiscal 2012 third quarter income to $75.7 million compared with $68.4 million reported in the year ago period.

July 27, 2012
Business

Covenant Transportation’s 2Q Profit Improves

Covenant Transportation Group’s second-quarter net income rose to $4.3 million, or 29 cents per share, from $1.7 million, or 11 cents, a year earlier.

July 26, 2012
BusinessLogistics

Universal’s 2Q Income Rises; Will Buy Logistics Firm for $335 Million

Universal Truckload Services said Thursday its second-quarter profit improved and that it will buy third-party logistics firm LINC Logistics for $335 million.

July 26, 2012
BusinessFuel

Michigan Declares Fuel Emergency, Lifts HOS Restrictions

Michigan Gov. Rick Snyder declared an energy emergency in Michigan this week, due to shortages of diesel and gasoline in the state’s Upper Peninsula caused by a pipeline shutdown in Wisconsin.

July 26, 2012
Business

Rush’s Income Rises on Higher Truck, Aftermarket Sales

Truck dealership Rush Enterprises reported a higher second-quarter profit on higher truck and aftermarket sales.

July 26, 2012
Business

Mullen Group’s 2Q Income Drops

Canadian transportation firm Mullen Group said its second-quarter profit declined, primarily foreign exchange-rate accounting, though operating income rose 9%.

July 26, 2012

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