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

ISM Manufacturing Index Improves in April

U.S. manufacturing activity accelerated in April, the Institute for Supply Management said Tuesday.

May 1, 2012
Business

Cummins’ 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, 2012
Business, Fuel

Diesel 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, 2012
Business

N.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, 2012
Business

YRC 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, 2012
Business

Chicago 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, 2012
Business

Personal Spending Rises in March

Consumer personal spending rose 0.3% in March as incomes increased, the Commerce Department said Monday.

April 30, 2012
Business, Fuel

Oil 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, 2012
Business

Oshkosh’s Income Slips; Sales Rise

Specialty truck maker Oshkosh Corp.’s earnings slipped for its fiscal second quarter, but sales rose.

April 30, 2012
Business, Government, Safety, Autonomous

Plug-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