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.
Initial Jobless Claims Fall to Five-Year Low
Initial jobless claims fell by 4,000 last week to a five-year low, the Labor Department said Thursday.
May 9, 2013DOT Freight Transportation Index Rises 2.8%
The Department of Transportation’s freight transportation services index rose 2.8% in March from the same month last year and increased sequentially for the fifth straight month, DOT said Wednesday.
May 8, 2013Diesel to Average $3.88 in Second Half of Year, DOE Report Says
Diesel will average $3.88 a gallon for the rest of the year and $3.79 in 2014, the Department of Energy said in its monthly short-term energy outlook.
May 8, 2013Penske Buys 500 Freightliner Tractors
Penske Truck Rental said it is adding 500 new Freightliner Cascadia semi-tractors to its commercial truck rental fleet.
May 8, 2013C.H. Robinson’s 1Q Profit Slips
C.H. Robinson Worldwide said its first-quarter net income fell slightly from a year ago on slower growth, though revenue improved.
May 8, 2013XPO Reports 1Q Loss, Buys Logistics Firm
XPO Logistics reported a first-quarter loss and said it had acquired Salt Lake City-based Interide Logistics for $3.1 million.
May 8, 2013Teamsters’ Local Leaders Endorse UPS Agreement
Leaders of Teamsters union locals that represent UPS Inc. workers across the United States voted unanimously to endorse the tentative five-year agreement recently reached between UPS and the Teamsters.
May 7, 2013Clean Energy Teams with Mansfield Energy to Provide Natural Gas Services
Clean Energy Fuels Corp. said Tuesday it is partnering with Mansfield Energy Corp. to offer natural-gas fueling services.
May 7, 2013Bills Would Stop Truck Size, Weight Exemptions on Interstate Highways
WASHINGTON — Two members of Congress proposed a measure that would stop any state’s attempt to increase truck size and weight restrictions on the more than 220,000 miles of the National Highway System.
TravelCenters’ Loss Narrows
TravelCenters of America said Tuesday its first-quarter loss narrowed from a year ago.
May 7, 2013