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.
Initial Jobless Claims Drop for Week
Initial jobless claims decreased last week by 3,000, the Labor Department said Thursday.
September 20, 2012Oil 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, 2012UTi 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, 2012Kenco 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, 2012Existing 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, 2012Housing Starts Rise in August
Housing starts rose 2.3% in August, the Commerce Department said Wednesday.
September 19, 2012Large 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, 2012FedEx 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, 2012Volvo’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, 2012Ohio 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.