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.
Diesel Jumps 2.9¢ to $4.123; Gasoline Rises 3.6¢ to $3.829
Diesel prices continued to climb, as the national average price rose by 2.9 cents to $4.123 a gallon last week, according to the Department of Energy.
March 19, 2012Oil Finishes Week Over $107
Oil rose almost $2 Friday to finish the week over $107 a barrel, on signs that the U.S. economy was rebounding, Bloomberg reported.
March 16, 2012Intermodal Traffic Rises 4.2% for Week
U.S. intermodal traffic rose 4.2% for the week ended Saturday from a year ago, the Association of American Railroads said.
March 16, 2012XPO Logistics Boosts Stock Offering
XPO Logistics said it has commenced a $126 million public offering of 8 million shares of its common stock.
March 16, 2012Consumer Confidence Declines
Consumer confidence decreased this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
March 16, 2012Industrial Production Unchanged in February
Industrial production was unchanged in February as factory output increased at the slowest pace in three months, the Federal Reserve said Friday.
March 16, 2012Consumer Price Index Rises in February
The consumer price index rose 0.4% in February as gasoline prices increased, the Labor Department said Friday.
March 16, 2012DHL to Spend $47 Million to Expand U.S. Hub
DHL Express said it will spend $47 million to upgrade its U.S. package express and cargo sorting facility and capability at the Cincinnati area airport.
March 15, 2012Philadelphia Manufacturing Index Rises to 11-Month High
Manufacturing activity in the Philadelphia region expanded in March at the fastest pace in 11 months, the Federal Reserve Bank of Philadelphia said Thursday.
March 15, 2012New York Manufacturing Index Rises
Manufacturing activity in the New York region expanded in March at the fastest rate since June 2010, the Federal Reserve Bank of New York said Thursday.
March 15, 2012