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.
Del Monte Foods Renews Transplace Pact
Transplace Inc. said Del Monte Foods has extended its existing logistics contract with the company.
January 20, 2012Union Pacific’s 4Q Income Jumps 24%
Union Pacific Corp. said Thursday its fourth-quarter profit jumped 24% on higher rates and volumes.
January 19, 2012Administration Nixes Keystone XL Pipeline, But Alternate Plan Seen Moving Forward
President Obama has denied a permit for the proposed Keystone XL oil pipeline, but investors, public officials and analysts said the project is likely to move forward on an alternate route, Bloomberg reported Thursday.
January 19, 2012Jobless Claims Fall to Four-Year Low
Initial jobless claims plunged 30,000 last week to an almost four-year low, the Labor Department said Thursday.
January 19, 2012Housing Starts Decline in December
Housing starts dropped 4.1% in December, the Commerce Department said Thursday.
January 19, 2012Consumer Price Index Unchanged in December
The consumer price index was unchanged in December as fuel prices declined, the Labor Department said Thursday.
January 19, 2012TT Closed Monday for MLK Day Holiday
Transport Topics will be closed Monday for the Martin Luther King Jr. Day holiday. Please check back on Tuesday, Jan. 22, for the latest trucking and freight transportation news.
January 18, 2012Port of L.A. Exports Reach Record for Second Year
The Port of Los Angeles said its exports surged 14.5% last year, a second straight record.
January 18, 2012Diesel Rises Again, Gaining 2.6¢ to $3.854
Diesel rose for a second week following six straight declines, increasing 2.6 cents to $3.854 a gallon, while gasoline rose less than a penny, the Department of Energy said.
January 18, 2012Industrial Production Rises in December
Industrial production rose 0.4% in December as factory output climbed by the most in a year, the Federal Reserve said Wednesday.
January 18, 2012