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.
Producer Price Index Rises 0.2% in July
Prices paid to U.S. producers rose 0.2% in July, the Labor Department said Wednesday.
August 17, 2011Con-way Freight Driver Named Truck Driving Grand Champion
ORLANDO, Fla. — Paul Phillips, a Con-Way Freight driver from Coarsegold, Calif., was named the 2011 Bendix National Truck Driving Championships Grand Champion.
Con-way Earns $29.4 Million, Doubling Its 2Q 2010 Income
Con-way Inc. more than doubled its net income from the second quarter last year, based on strong improvements at both of its trucking units.
August 17, 2011iTECH: Rebooting IT Systems After Disasters
PHOENIX — Motor carriers have long feared disasters such as fires, floods, hurricanes and tornadoes because of their ability to snarl freight transportation, but with fleets now more dependent on computer systems than ever before, there is also an information technology component to disaster recovery.
August 17, 2011Industrial Production Jumps 0.9% in July
Industrial production jumped 0.9% in July, the largest gain this year, as automobile manufacturing surged, the Federal Reserve said Tuesday.
August 16, 2011Diesel Drops 6.2¢ to $3.835 in Third Straight Decline
Diesel’s national average pump price fell for a third straight week, declining 6.2 cents to $3.835 a gallon, while gasoline dropped 7 cents to $3.604, the Department of Energy reported.
August 16, 2011Housing Starts Dip 1.5% in July
Housing starts declined 1.5% in July, the Commerce Department said Tuesday.
August 16, 2011Import Prices Rise 0.3% in July
The price of goods imported to the United States rose 0.3% in July following the first decline in a year, the Labor Department said Tuesday.
August 16, 2011Express-1 Reports Lower 2Q Earnings
Express-1 Expedited Solutions said its second-quarter profit fell 39.2% to $914,000, or 3 cents per share, from $1.5 million, or 5 cents, a year ago.
August 16, 2011Trucking Technology Firms Post Quarterly Profit Gains
Technology firms Qualcomm Inc. and Trimble Navigation Ltd. each posted higher earnings for its most recent quarter, while Xata Corp. reported higher software sales.
August 16, 2011