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 Closes Below $80 a Barrel for First Time Since October
Oil fell more than $3 Thursday to finish the trading day under $80 a barrel for the first time since early October, Bloomberg reported.
June 22, 2012UPS’ $6.3 Billion Offer for TNT Begins Friday
UPS Inc. said its approximately $6.3 billion offer for Dutch package firm TNT Express will begin Friday and run through Aug. 31.
June 21, 2012ATA Urges FMCSA to Keep Truck Safety Program’s Intent
The federal Compliance, Safety, Accountability program is in danger of turning its focus from its original intent — to reduce truck-related crashes, fatalities and injuries, American Trucking Associations said Thursday.
June 21, 2012DOT Creates Online Career Center for Veterans
The Department of Transportation said Thursday it has created an online career center for veterans seeking jobs in the transportation industry.
June 21, 2012Philadelphia Manufacturing Index Contracts
Manufacturing activity in the Philadelphia region contracted in June, Federal Reserve Bank of Philadelphia said Thursday.
June 21, 2012Existing Home Sales Slip in May
Existing home sales declined 1.5% in May, the National Association of Realtors said Tuesday.
June 21, 2012Leading Economic Indicators Rise 0.3%
An index of leading economic indicators rose 0.3% in May, the New York-based Conference Board said Thursday.
June 21, 2012Initial Jobless Claims Decline
Initial jobless claims fell by 2,000 last week, to 387,000, the Labor Department said Thursday.
June 21, 2012Navistar Sets Plan to Avoid Potential Takeover
Navistar International Corp. said Wednesday it set a plan to “deter coercive takeover tactics” and prevent hostile investors from taking control of the company.
June 20, 2012Oil Closes Below $82 Following Strong Supply Report
Oil fell to finish the trading day below $82 a barrel Wednesday for the first time since early October following a Department of Energy report that showed supplies near a 22-year high, Bloomberg reported.
June 20, 2012