Business
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.
Radiant Logistics’ 3Q Income Rises
Third-party logistics company Radiant Logistics’ fiscal third-quarter net income rose from a year ago.
May 15, 2014Industrial Production Declines in April
Industrial production decreased 0.6% in April after a 0.9% gain the prior month that was larger than previously reported, the Federal Reserve said May 15.
May 15, 2014Manufacturing in Philadelphia Region Declines
Manufacturing activity in the Philadelphia region declined in May, the Federal Reserve Bank in that district said May 15.
May 15, 2014Consumer Prices Rise by Most in 10 Months
The consumer price index rose 0.3% in April, the biggest increase in 10 months, the Labor Department reported May 15.
May 15, 2014Manufacturing in New York Area Rises in May
Manufacturing activity in the New York region increased in May, the Federal Reserve Bank of New York said.
May 15, 2014Jobless Claims Decline to Lowest Level in Seven Years
Jobless claims dropped by 24,000 to 297,000 in the week ended May 10, the least since May 2007, the Labor Department reported.
May 15, 2014Obama Proposes Faster Infrastructure Permitting Process
President Obama pressed for larger federal investments for infrastructure and announced the administration would streamline the permitting process for new roads, bridges and other major infrastructure projects.
Missouri Voters to Decide on New Sales Tax for Transportation
Missouri lawmakers have approved a measure that would let the voters decide whether to raise the state’s sales tax to 5 cents for 10 years to generate funding for transportation.
DOT Freight Transportation Index Rises 3%
The Department of Transportation’s freight transportation services index rose 3% in March from the same month last year and also increased sequentially.
May 14, 2014FedEx Opens Package Testing Lab
FedEx Corp. said its TechConnect division has opened a 30,000-square-foot package laboratory to provide testing and design services.
May 14, 2014