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

Initial Jobless Claims Drop for Week

Initial jobless claims decreased last week by 3,000, the Labor Department said Thursday.

September 20, 2012
Business, Fuel

Oil Falls to Six-Week Low $92 a Barrel

Oil fell to a six-week low just under $92 a barrel Wednesday following a Department of Energy report that showed supplies spiked last week, Bloomberg reported.

September 19, 2012
Business

UTi Worldwide Sets Management Changes

UTi Worldwide said it has made several key executive changes to the logistics company’s organization, following a reported drop in its second-quarter profit.

September 19, 2012
Business

Kenco Promotes Burns to President, Material Handling Division

Kenco Logistics Services has promoted Jeff Burns to president of its business unit Kenco Material Handling Solutions.

September 19, 2012
Business

Existing Home Sales Rise to Two-Year High

Existing home sales rose 7.8% in August to a two-year high, the National Association of Realtors said Wednesday.

September 19, 2012
Business

Housing Starts Rise in August

Housing starts rose 2.3% in August, the Commerce Department said Wednesday.

September 19, 2012
Business

Large Trucks Excluded From Mass. Law Requiring OEMs to Share Repair Data

Large trucks have been excluded from a new Massachusetts law that allows vehicle repair shops to access proprietary manufacturer information.

September 19, 2012
Business

FedEx Says 1Q Profit Slips; Cuts Full-Year Forecast

FedEx Corp. on Tuesday reported its fiscal first-quarter profit fell slightly from a year ago, and the company cut its full-year earnings outlook.

September 18, 2012
Business

Volvo’s North American Deliveries Rise 6% in August

Volvo AB said its August North American truck deliveries rose 6% from a year ago.

September 18, 2012
Government, Business

Ohio Program Trains Truckers to Keep Eye Out for Crime

Ohio Truck Shield, a joint program of the Ohio Trucking Association and the Ohio Highway Patrol launched earlier this year, has already trained 500 truck drivers to watch for criminal activity on the roads.

Michele Fuetsch | Staff Reporter
September 18, 2012