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.
Leading Indicators Unchanged in June
An index of leading economic indicators was unchanged in June after rising the prior month, the New York-based Conference Board said Thursday.
July 18, 2013Philadelphia Manufacturing Activity Expands
Manufacturing activity in the Philadelphia region expanded in July to the highest level since March 2011, the Federal Reserve Bank of Philadelphia said Thursday.
July 18, 2013Union Pacific Reports Record 2Q Profit
Union Pacific Corp. said Thursday its second-quarter profit rose 10% to an all-time high, despite carloads dipping 1% in in the quarter.
July 18, 2013Port of Charleston Container Volume Rises 9% for Year
The Port of Charleston, S.C., said its container volume rose 9% for its fiscal year ended June 30.
July 18, 2013Initial Jobless Claims Decline
Initial jobless claims fell by 24,000 last week, the Labor Department reported Thursday.
July 18, 2013Fed Beige Book Report Cites Uncertain Effect of HOS, Driver Shortage on Trucking, Economy
The U.S. economy improved at a moderate pace in the six weeks ended in early July, but shippers and trucking industry contacts cited caution about a shortage of truck drivers and the new hours-of-service rule, the Federal Reserve reported.
July 18, 2013Pilot Flying J Reaches Preliminary Settlement With Trucking Firms in Fuel-Rebate Case
Pilot Flying J said it has agreed to settle thousands of nationwide fuel-rebate fraud complaints in a U.S. District Court class-action suit that the truck stop operator’s CEO said was meant to “re-earn our customers’ trust.”
July 17, 2013Construction Begins on New I-5 Skagit River Bridge
Workers have begun construction on the new, permanent Skagit River Bridge on Interstate 5 north of Seattle following the collapse of a section in May.
July 17, 2013Marten’s 2Q Income Improves
Marten Transport said Wednesday its second-quarter income rose slightly from a year ago.
July 17, 2013CSX Reports Higher Second-Quarter Profit
CSX Corp.’s second-quarter earnings rose to $535 million, or 52 cents a share, from $512 million, or 49 cents, a year ago.
July 17, 2013