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.
Accuride Reports 4Q Loss
Accuride Corp. posted a $156.5 million fourth-quarter loss, citing a charge related to its Gunite division.
March 7, 2013Productivity Drops by Most in Four Years
U.S. workers’ fourth-quarter productivity fell by 1.9%, the most in four years as labor costs rose, the Labor Department said Thursday.
March 7, 2013U.S. Trade Deficit Rose in January
The U.S. trade deficit grew by 16.5% in January, led by demand for imported crude oil, the Commerce Department said Thursday.
March 7, 2013Initial Jobless Claims Fall to Six-Week Low
Initial jobless claims fell by 7,000 to 340,000 last week, a six-week low, the Labor Department said Thursday.
March 7, 2013Navistar Reports Smaller 1Q Loss; Names Troy Clarke CEO, James Keyes Chairman
Navistar International Corp. said Thursday that its first-quarter loss declined from a year ago, and it named Troy Clarke its new CEO, replacing Lewis Campbell, who is stepping down.
March 7, 2013Factory Orders Fall by Most in Five Months
Factory orders fell 2% in January, the biggest decline in five months, slowed by lower commercial aircraft orders, the Commerce Department said.
March 6, 2013ATRI’s Rebecca Brewster Wins 2013 ‘Influential Woman In Trucking’ Award
Rebecca Brewster, president and chief operating officer of the American Transportation Research Institute, has received the 2013 Influential Woman in Trucking award.
March 6, 2013Shell to Develop LNG Transportation Corridors in Great Lakes, Gulf Coast
Shell Oil Co. said Tuesday it will develop liquefied natural gas transportation corridors in North America for trucking and commercial transportation.
March 6, 2013Cass Freight Index Improves in February
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, grew 0.5% in February from the year-earlier period.
March 6, 2013ABF, Teamsters Talks May Extend Beyond March 31
ABF Freight System and the Teamsters union both reported progress on their labor talks held last week in advance of the March 31 conclusion of their existing contract, and the company said talks could continue beyond the end of the current labor pact.
March 5, 2013