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

New York Manufacturing Index Contracts for Fourth Month

Manufacturing activity in the New York region contracted in November for a fourth straight month, the Federal Reserve Bank of New York said Thursday.

November 15, 2012
Business, Government

Consumer Price Index Rises 0.1%

The consumer price index rose 0.1% in October, the slowest pace in three months, the Labor Department said Thursday.

November 15, 2012
Business

Initial Jobless Claims Rise for Week

Initial jobless claims increased by 78,000 last week due to Hurricane Sandy, the Labor Department said Thursday.

November 15, 2012
Business

UPS Unveils Cloud-Based Technology

UPS Inc. announced a new cloud-based platform it said will better enable customers to collaborate with international suppliers.

November 15, 2012
Business, Equipment

Tire Manufacturers Report Mixed 3Q Results

Three tire manufacturers recently reported mixed results for third-quarter profit and sales.

November 15, 2012
Business

Frozen Food Express’ 3Q Loss Narrows

Frozen Food Express Industries said late Wednesday its third-quarter loss narrowed from a year ago, citing high fuel prices and lower truckload volume, though its less-than-truckload operations improved.

November 14, 2012
Business

N.Y. Thruway Puts Off Decision on Higher Truck Tolls

The New York State Thruway’s board of directors canceled the second of two meetings within four days at which the board was to address a proposed 45% increase in toll rates for trucks.

Michele Fuetsch | Staff Reporter
November 14, 2012
Business, Equipment

Greenbrier’s 4Q Earnings Decline More Than 40%

Greenbrier Cos., which makes intermodal railcars and other freight equipment, said its fiscal fourth-quarter earnings fell more than 40% to $7.4 million as the market for some equipment eased.

November 14, 2012
Business

Business Inventories Rise 0.7%

Business inventories rose 0.7% in September, the Commerce Department said Wednesday.

November 14, 2012
Business, Fuel

Diesel Drops 3¢ to $3.98 a Gallon, Sliding Under $4 for First Time in Three Months

Diesel dropped 3 cents to $3.98 a gallon, its fourth straight decline and the first time it has been below $4 in three months, the Department of Energy reported.

November 14, 2012