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.
Oil Rises Following Four-Month Low
Oil rose Thursday to more than $85 a barrel after taking its biggest drop this year to a four-month low on Wednesday, Bloomberg reported.
November 8, 2012XRS Reports Narrower 4Q Loss
XRS Corp. said Thursday its fiscal fourth-quarter loss narrowed from a year ago, while its adjusted earnings improved for the quarter and fiscal year.
November 8, 2012U.S. Trade Deficit Shrinks in September
The U.S. trade deficit shrank by 5.1% in September, the Commerce Department said Thursday.
November 8, 2012Initial Jobless Claims Fall for Week
Initial jobless claims decreased by 8,000 last week, the Labor Department said Thursday.
November 8, 2012TravelCenters’ 3Q Income Falls
TravelCenters of America said its third-quarter net income fell from a year ago.
November 8, 2012WEX Inc. Reports Lower 3Q Profit
Fleet payment processing company WEX Inc., formerly Wright Express Corp., said its third-quarter profit fell to $14.3 million, or 37 cents per share, from $48.1 million, or $1.23 per share, a year earlier.
November 8, 2012Arkansas Voters Approve Half-Cent Tax for Highway Improvements
Arkansas voters approved a measure to add a half-cent to the state’s 6-cent sales tax to pay for the widening of a dozen state highways and for major improvements on several others.
November 7, 2012Quality’s 3Q Income Rises
Tank truck carrier Quality Distribution said its third-quarter profit rose from a year ago on higher revenue.
November 7, 2012Diesel to Average $3.83 Next Year, DOE Says
Diesel will average $3.83 a gallon next year, Department of Energy said, boosting its previous forecast by a dime.
November 7, 2012Michigan Vote Clears Way for New U.S.-Canada Bridge Crossing
Michigan voters Tuesday rejected a ballot initiative that would have required a separate vote on a new bridge crossing between Detroit and Canada, clearing the way for a new bridge to be built.
November 7, 2012