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, Fuel

Nat Gas Production Seen Robust Through 2040, Journal Reports

Natural-gas production in the United States will continue strong growth through 2040, the Wall Street Journal reported Thursday.

February 28, 2013
Business, Equipment

Visteon Posts Fourth-Quarter Profit

Vehicle parts manufacturer Visteon Corp. posted a fourth-quarter profit, improving upon the loss it experienced during the same time in 2011.

February 28, 2013
Business

Chicago Manufacturing Activity Expands in February

Manufacturing activity in the Chicago area expanded in February, the Institute for Supply Management-Chicago said Thursday.

February 28, 2013
Business

Initial Jobless Claims Fall for Week

Initial jobless claims fell by 22,000 last week, the Labor Department said Thursday.

February 28, 2013
Business, Logistics

XPO Logistics Reports 4Q Loss

XPO Logistics reported a fourth-quarter loss, citing “investments in long-term growth.”

February 27, 2013
Business, Fuel

Oil Holds Under $93, Near Lowest Price of Year

Oil rose slightly Wednesday from its lowest price this year to finish the trading day at just under $93 a barrel, following a Department of Energy report that said supplies rose last week, Bloomberg News reported.

February 27, 2013
Business, Fuel

YRC, Clean Energy Set Partnership in LNG Pilot Project

YRC Freight said it has completed an agreement with Clean Energy Fuels Corp. to purchase four liquefied natural gas trucks to operate in Southern California.

February 27, 2013
Business

Barber Appointed President of UPS International

UPS Inc. said Jim Barber will become president of UPS International, succeeding Dan Brutto, who will retire at the end of April.

February 27, 2013
Business, Equipment

Eaton Boosting Dividend by 11%

Eaton Corp. said Wednesday its board has approved an 11% increase in its quarterly cash dividend.

February 27, 2013
Business

Durable Goods Orders Decline but Rise Excluding Transportation Orders

Durable goods fell in January but rose by the most in a year excluding transportation orders, the Commerce Department reported Wednesday.

February 27, 2013