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

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, 2012
Business

Auto 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, 2012
Business, Fuel

Oil 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, 2012
Business

ISM 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, 2012
Business, Fuel

Diesel 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, 2012
Business, Safety, Government, Logistics

Trimac 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, 2012
Business, Equipment

Accuride 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, 2012
Business

Construction Spending Dips in January

Construction spending slipped 0.1% in January, the first decline since July, the Commerce Department said Thursday.

March 1, 2012
Business

Jobless 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, 2012
Business

Personal 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