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, Logistics

Del Monte Foods Renews Transplace Pact

Transplace Inc. said Del Monte Foods has extended its existing logistics contract with the company.

January 20, 2012
Business, Logistics

Union Pacific’s 4Q Income Jumps 24%

Union Pacific Corp. said Thursday its fourth-quarter profit jumped 24% on higher rates and volumes.

January 19, 2012
Business, Fuel

Administration 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, 2012
Business

Jobless 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, 2012
Business

Housing Starts Decline in December

Housing starts dropped 4.1% in December, the Commerce Department said Thursday.

January 19, 2012
Business

Consumer Price Index Unchanged in December

The consumer price index was unchanged in December as fuel prices declined, the Labor Department said Thursday.

January 19, 2012
Business

TT 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, 2012
Business

Port 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, 2012
Business, Fuel

Diesel 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, 2012
Business

Industrial 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