Business

About Business News...

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.

Business

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, 2013
Business

Manufacturing 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, 2013
Business

Westport 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, 2013
Business, Logistics

Weekly 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, 2013
Business

Proctor & 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, 2013
Business

Trillium 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, 2013
Business

Personal 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, 2013
Business

Initial Jobless Claims Decline 9,000 for Week

Initial jobless claims fell by 9,000 last week, the Labor Department reported Thursday.

June 27, 2013
Business

UPS 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, 2013
Business, Safety, Government

Nafta 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