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.
Industrial Production Rises in July
Industrial production increased 0.6% in July, the Federal Reserve said Wednesday.
August 15, 2012XPO Reports It Is on Course to Hit $500 Million in Revenue
XPO Logistics is on course to reach $500 million in annual revenue by year-end, buoyed by the recent purchase of Kelron Logistics, which will add more than $100 million annually to sales, said Bradley Jacobs, XPO’s chief executive officer.
August 15, 2012New York Manufacturing Index Falls
Manufacturing activity in the New York region contracted in August for the first time in 10 months, the Federal Reserve Bank of New York said Wednesday.
August 15, 2012Consumer Price Index Unchanged in July
The consumer price index was unchanged in July, for a second month, the Labor Department said Wednesday.
August 15, 2012Leasing Venture Offers 16,000 Trailers
Trailer Leasing Alliance LLC, Wayne, Pa., said it has launched full-service trailer leasing operations with 16,000 late-model 53-foot trailers.
August 15, 2012Getloaded Integrates With McLeod and Infinity Software
Getloaded, an online logistics freight matching company has integrated its software with popular management software companies McLeod and Infinity Software.
August 15, 2012Cuomo Stokes Angers Questioning Commuter Tolls but Not Truck Tolls
New York Gov. Andrew Cuomo has notified the New York State Thruway Authority that he believes the proposed toll rates for cars on the new Tappan Zee Bridge are too high but said nothing about the proposed 45% toll increase for truckers Nov. 1 on the Thruway.
Roadrunner Buys Expedited Freight Systems Inc.
Roadrunner Transportation Systems said Monday it has acquired less-than-truckload provider Expedited Freight Systems Inc. for about $10 million.
August 14, 2012Business Inventories Rise in June
Business inventories rose 0.1% in June, the Commerce Department said Tuesday.
August 14, 2012Producer Price Index Rises 0.3%
Prices paid to U.S. producers rose in July, reflecting an increase in automobile, cigarette and pharmaceutical costs, the Labor Department said Tuesday.
August 14, 2012