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, Logistics

Radiant Logistics’ Third-Quarter Income Rises

Third-party logistics company Radiant Logistics’ fiscal third-quarter net income rose from a year ago, the company said.

May 15, 2013
Business

Industrial Production Falls 0.5% in April

Industrial production fell 0.5% in April, the largest drop in eight months, the Federal Reserve said Wednesday.

May 15, 2013
Business

Producer Price Index Drops by Most in Three Years

Prices paid to U.S. producers fell 0.7% in April, the largest drop in three years, the Labor Department reported Wednesday.

May 15, 2013
Business

New York Manufacturing Index Contracts

Manufacturing activity in the New York region contracted in May on lower orders and sales, the Federal Reserve Bank of New York said Wednesday.

May 15, 2013
Business

ATA Urges DOT to Allow Hair Drug Testing

American Trucking Associations said it has urged Transportation Secretary Ray LaHood to allow carriers to collect hair samples for drug testing.

May 14, 2013
Government, Business

Judge Rules Against Toll Plan on Virginia Tunnels

A Virginia judge has ruled unconstitutional the state’s plan to begin tolling in February on two existing tunnels between Norfolk and Portsmouth to pay for construction of a third.

Michele Fuetsch | Staff Reporter
May 14, 2013
Government, Business

Maine Lawmakers Agree to Allow Speed-Limit Hike to 75 MPH

Maine’s Legislature has passed a bill that would authorize the state’s Transportation Department to raise the speed limit to 75 mph on any highway — higher than the 65 mph maximum limit in most of the state — as long as the department concludes that it is a safe speed.

Timothy Cama | Staff Reporter
May 14, 2013
Business

Import Prices Fall 0.5% in April as Fuel Costs Decline

The price of goods imported to the United States fell 0.5% in April, led by a decline in petroleum costs, the Labor Department said Tuesday.

May 14, 2013
Business

Mercedes-Benz Unveils New Sprinter for North America

DUSSELDORF, Germany — Mercedes-Benz debuted its updated 2014 Sprinter delivery van for the North American market here, which includes a 4-cylinder diesel engine and a suite of safety technology offerings.

Neil Abt | Editorial Director
May 14, 2013
Government, Business

N.J. Lawmakers Approve Cargo-Theft Legislation

The New Jersey General Assembly approved legislation cracking down on cargo theft, according to a bill co-sponsor Assemblyman Dave Rible (R).

May 14, 2013