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 Confidence Slips in June
Consumer confidence fell this month from a six-year high in May, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
June 28, 2013Manufacturing Activity in Chicago Grows at Slower Pace
Manufacturing activity in the Chicago area expanded at a slower pace in June, the Institute for Supply Management-Chicago said Friday.
June 28, 2013Westport Acquires Clean Energy’s Light-Duty Nat-Gas Vehicle Business
Westport Innovations said Friday it has acquired Clean Energy Fuels Corp.’s light-duty natural-gas vehicle subsidiary, BAF Technologies, for $25 million in Westport stock.
June 28, 2013Weekly Intermodal Traffic Rises 2.7%
Weekly intermodal volume increased by 2.7% to 252,807 units for the week ended Saturday from the same week last year, the Association of American Railroads said.
June 28, 2013Proctor & Gamble to Convert 20% of For-Hire Loads to Nat-Gas
Proctor & Gamble said it will work with carriers to convert 20% of its for-hire truckloads to natural-gas powered vehicles within two years.
June 27, 2013Trillium to Build 101 CNG Stations by 2016
Trillium CNG said it plans to build 101 publicly assessable Class 8 compressed natural-gas filling stations by 2016.
June 27, 2013Personal Spending Rises in May
Personal spending rose 0.3% in May, after the largest drop in three years, the Commerce Department reported Thursday.
June 27, 2013Initial Jobless Claims Decline 9,000 for Week
Initial jobless claims fell by 9,000 last week, the Labor Department reported Thursday.
June 27, 2013UPS to Purchase 285 Natural-Gas Powered Trucks in 2014
UPS Inc. said it will purchase 285 more natural-gas powered trucks in 2014 for its small-package delivery business, Bloomberg News reported.
June 27, 2013Nafta Surface Trade Rises 7.5% in April
Surface trade among the United States, Canada and Mexico rose 7.5% in April from the same month last year and increased 2.4% from March, the Department of Transportation said Wednesday.
June 26, 2013