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

Existing Home Sales Rise to Three-Year High

Existing home sales rose 5.9% in November to a three-year high, the National Association of Realtors said Thursday.

December 20, 2012
Business

Philadelphia Manufacturing Index Rises

Manufacturing activity in the Philadelphia region expanded in November, the Federal Reserve Bank of Philadelphia said Thursday.

December 20, 2012
Government, Business

Leading Economic Indicators Rise 0.2%

An index of leading economic indicators rose 0.2% in October, the New York-based Conference Board said Wednesday.

December 20, 2012
Business

Initial Jobless Claims Rise for First Time in Five Weeks

Initial jobless claims rose by 17,000 last week, the first rise in five weeks, the Labor Department said Thursday.

December 20, 2012
Business

FedEx Reports Lower 2Q Profit

FedEx Corp. said Wednesday its second-quarter profit slipped from a year ago due in part to Hurricane Sandy, but operating profit at its less-than-truckload freight unit almost doubled.

December 19, 2012
Business

Navistar Reports 4Q Loss on Tax, Restructuring Charges

Navistar International Corp. reported a fourth-quarter loss on tax expenses and expenses related to a cost-reduction program and engine warranties.

December 19, 2012
Government, Business

FMCSA to Hold Listening Session on Driver Training Rule

Federal regulators will hold a listening session next month to gather input on their efforts to require training for entry-level commercial drivers.

Timothy Cama | Staff Reporter
December 19, 2012
Business

Housing Starts Fall in November

Housing starts fell 3% in November, the Commerce Department said Wednesday.

December 19, 2012
Business

Wheels Group’s 3Q Revenue Rises

Canadian logistics company Wheels Group Inc.’s third-quarter revenue rose on acquisitions, the company said.

December 19, 2012
Business

Truck Tonnage Gains 1% in November

Truck tonnage increased 1% in November, bouncing back from the first year-over-year decline in three years, American Trucking Associations said Tuesday.

December 18, 2012