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.
Wal-Mart Reports Higher 2Q Income, Cuts Full-Year Earnings Outlook
Wal-Mart Stores said Thursday its second-quarter profit rose from a year ago, but the company cut its full-year earnings outlook from a previous forecast.
August 15, 2013Industrial Production Unchanged in July
Industrial production was unchanged in July following a gain the previous month, the Federal Reserve said Thursday.
August 15, 2013Philadelphia Factory Index Expands for Third Month
Manufacturing activity in the Philadelphia region expanded for a third month in August, but at a slower rate than July, the Federal Reserve Bank of Philadelphia said Thursday.
August 15, 2013Consumer Price Index Rises for Third Month
The consumer price index rose 0.2% in July, its third consecutive increase, the Labor Department said Thursday.
August 15, 2013New York Manufacturing Index Expands at Slower Pace in August
Manufacturing activity in the New York region expanded at a slower pace in August, the Federal Reserve Bank of New York said Thursday.
August 15, 2013Jobless Claims Drop to Lowest Level in Six Years
Initial jobless claims dropped by 15,000 last week to the lowest level in almost six years, the Labor Department reported Thursday.
August 15, 2013Postal Service Plans Upgrades to Priority Mail Service
The U.S. Postal Service announced several changes to its Priority Mail service, offering free insurance and tracking, and day-specific delivery of packages.
August 15, 2013DOT Freight Transportation Index Rises 1.8%
The Department of Transportation’s freight transportation services index rose 1.8% in June from the same month last year, but slipped from May.
August 14, 2013LaHood Takes Position at Nonprofit Group
Former Transportation Secretary Ray LaHood has taken a position as a senior adviser with the Dirksen Congressional Center, a nonprofit group that helps educate people about Congress, the Washington Post reported Wednesday.
August 14, 2013DAT July Freight Index Rises 13% Year-Over-Year
TransCore’s DAT North American Freight Index for July increased 13% from the same month last year and increased from June for the first time since the index was established in 1996.
August 14, 2013