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

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, 2013
Business

DOT 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, 2013
Business, Fuel

Diesel 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, 2013
Business

Penske 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, 2013
Business, Logistics

C.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, 2013
Business, Logistics

XPO 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, 2013
Business

Teamsters’ 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, 2013
Business

Clean 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, 2013
Government, Business

Bills 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.

Timothy Cama | Staff Reporter
May 7, 2013
Business

TravelCenters’ Loss Narrows

TravelCenters of America said Tuesday its first-quarter loss narrowed from a year ago.

May 7, 2013