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.
ISM Manufacturing Index Improves in April
U.S. manufacturing activity accelerated in April, the Institute for Supply Management said Tuesday.
May 1, 2012Cummins’ 1Q Profit Rises on Strong Engine Sales
Truck engine and components maker Cummins Inc. on Tuesday said its first-quarter profit rose on higher sales.
May 1, 2012Diesel Falls Again, Slipping 1.2¢ to $4.073; Gasoline Drops 4¢ to $3.83
Diesel fell for the third straight week, dipping 1.2 cents to $4.073 a gallon, and gasoline fell for a fourth week, the Department of Energy reported.
May 1, 2012N.J. Lawmakers Want Delay on Toll Hikes
Sen. Frank Lautenberg and three fellow Democrats from the New Jersey federal congressional delegation have asked the Port Authority of New York and New Jersey to delay scheduled toll increases, the Newark (N.J.) Star-Ledger reported.
April 30, 2012YRC Lenders Back Agreement Changes
YRC Worldwide said Monday it has amended its July 2011 agreement with lenders to set new financial performance targets over the next two years, including a lowered profitability requirement.
April 30, 2012Chicago Manufacturing Activity Slows
Manufacturing activity in the Chicago area slowed in April, but showed continued expansion, the Institute for Supply Management-Chicago said Monday.
April 30, 2012Personal Spending Rises in March
Consumer personal spending rose 0.3% in March as incomes increased, the Commerce Department said Monday.
April 30, 2012Oil Trades Near Four-Week High $105 a Barrel
Oil traded near a four-week high just below $105 a barrel early Monday, on signs of economic recovery in Asia, Bloomberg reported.
April 30, 2012Oshkosh’s Income Slips; Sales Rise
Specialty truck maker Oshkosh Corp.’s earnings slipped for its fiscal second quarter, but sales rose.
April 30, 2012Plug-In Power Added at Midwest Truck Stops
Truck stop electrification vendor Shorepower Technologies said its plug-in power service is now available at three new locations in Nebraska and Iowa.
April 30, 2012