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.
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, 2012Philadelphia Manufacturing Index Rises
Manufacturing activity in the Philadelphia region expanded in November, the Federal Reserve Bank of Philadelphia said Thursday.
December 20, 2012Leading 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, 2012Initial 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, 2012FedEx 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, 2012Navistar 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, 2012FMCSA 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.
Housing Starts Fall in November
Housing starts fell 3% in November, the Commerce Department said Wednesday.
December 19, 2012Wheels Group’s 3Q Revenue Rises
Canadian logistics company Wheels Group Inc.’s third-quarter revenue rose on acquisitions, the company said.
December 19, 2012Truck 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