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.
Consumer Prices Rise 0.2% in March
The consumer price index climbed 0.2% in March after increasing 0.1% the prior month, a Labor Department report showed April 15.
April 15, 2014New York Manufacturing Activity Slows
Manufacturing activity in the New York region slowed in April, the Federal Reserve Bank of New York said April 15.
April 15, 2014ATA Endorses Data Analytics Platform
American Trucking Associations said it is endorsing data analytics platform Athena by data mining software firm Vigillo.
April 15, 2014J.B. Hunt’s 1Q Income Drops 6%
J.B. Hunt Transport Services’ net income slipped 6% in the first quarter to $68.7 million, or 58 cents per share, from $73.3 million, or 61 cents per share, due to winter weather that raised costs and reduced revenue growth.
Senate Confirms Former Kan. Transportation Secretary to Sit on STB
The Senate confirmed Debra Miller to sit on the three-member Surface Transportation Board for a term that expires in December 2017.
Knight Says 1Q Earnings Higher Than Forecast
Knight Transportation Inc. said in a preliminary first-quarter earnings statement that its profit for the period exceeded an earlier forecast, reaching 22 to 23 cents per share, as demand and rates improved.
VW Rules Out Raising Price of Scania Bid
Volkswagen AG ruled out raising its $9.2 billion bid to buy out Swedish truck maker Scania AB after some minority stakeholders rejected the deal as being too low.
April 14, 2014UPS Expands Capacity at Three North American Facilities
UPS Inc. said it has expanded capacity at facilities in Calgary, Alberta; Hebron, Ky.; and Mira Loma, Calif., driven by demand in the retail, manufacturing and health-care industries.
April 14, 2014Oshkosh to Lay Off About 760 Workers
Specialty-vehicle manufacturer Oshkosh Corp. said its defense segment plans to cut about 700 hourly jobs in Oshkosh, Wis., starting in June and about 60 salaried positions starting in July.
Business Inventories Rise 0.4% in February
Business inventories rose 0.4% in February, and sales increased 0.8%, the Commerce Department reported April 14.
April 14, 2014