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.
Obama Touts Natural Gas Use for Trucking
President Obama touted greater use of natural gas during a visit to a UPS Inc. facility in Las Vegas on Thursday, the Los Angeles Times reported.
January 27, 2012Weekly Intermodal Traffic Rises 3%
U.S. intermodal traffic rose 3% for the week ended Saturday from a year ago, the Association of American Railroads reported.
January 27, 2012Eaton Posts Record 4Q Earnings
Eaton Corp. said Thursday its fourth-quarter profit rose to a record and was 29% over the same quarter a year earlier.
January 26, 2012Caterpillar Reports Record Profit
Heavy equipment maker Caterpillar Inc. reported record 2011 sales, said its profit almost doubled and boosted its sales and earnings outlook for 2012.
January 26, 2012UPS to Lay Off 400 at Logistics Center
UPS has told more than 400 workers at a northern Kentucky logistics facility that they will be laid off in March, the Associated Press reported.
January 26, 2012Durable Orders Rise 3% in December
Durable goods orders climbed 3% in December as demand for automobiles, aircraft and business equipment rose, the Commerce Department said Thursday.
January 26, 2012Leading Indicators Rise in December
An index of leading economic indicators rose in December for a third straight month, the New York-based Conference Board said Thursday.
January 26, 2012New Home Sales Fall in December
New home sales slipped 2.2% in December, the first decline in four months, the Commerce Department said Thursday.
January 26, 2012Jobless Claims Rise for Week
Initial jobless claims rose by 21,000 last week after hitting its lowest level in almost four years the previous week, the Labor Department said Thursday.
January 26, 2012Radiant Logistics Trading on American Stock Exchange
Radiant Logistics announced that its shares have begun trading on the American Stock Exchange.
January 26, 2012