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.
Celadon Sells Stake in USA Truck
Celadon Group said this week it sold its 685,000 shares, or about 6.3% stake, of USA Truck that it purchased in October.
March 2, 2012Auto Sales Hit Four-Year High
U.S. auto sales rose in February to the fastest pace in four years, led by big gains for Chrysler Group LLC and General Motors Co., Bloomberg reported Friday.
March 2, 2012Oil Falls for First Time in Three Days
Oil fell in early trading Friday after rising for the past two days and closing Thursday near a 10-month high, Bloomberg reported.
March 2, 2012ISM Manufacturing Index Slips from 7-Month High
U.S. manufacturing activity slipped from a seven-month high in February but showed continued expansion, the Institute for Supply Management said Thursday.
March 1, 2012Diesel Supplies May Tighten in Northeast, DOE Says
Diesel supplies could be tight for a year or more in the Northeast because of refinery shutdowns and transportation constraints, according to a Department of Energy report released this week.
March 1, 2012Trimac Reports Stable Profits for 4Q, Year
Canadian bulk hauler Trimac Transportation reported little change in quarterly and annual profits, even though revenue improved for both the fourth quarter and the year.
March 1, 2012Accuride Posts 4Q Profit, Annual Loss
Improving North American trucks sales led parts maker Accuride Corp. to post a fourth-quarter profit but a net loss for the year, the Evansville, Ind., company said.
March 1, 2012Construction Spending Dips in January
Construction spending slipped 0.1% in January, the first decline since July, the Commerce Department said Thursday.
March 1, 2012Jobless Claims Decline to Almost Four-Year Low
Initial jobless claims decreased last week, matching the lowest level in nearly four years, the Labor Department said Thursday.
March 1, 2012Personal Spending Rises in January
Consumer personal spending rose 0.2% in January following little change the previous month, the Commerce Department said.
March 1, 2012