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.
June Retail Sales Rise 0.1%
Retail sales took a small upturn in June following the first decline in almost a year, the Commerce Department said Thursday.
July 14, 2011Initial Jobless Claims Fall by 22,000 for Week
Initial jobless claims dropped by 22,000 to 405,000 last week, the lowest level since mid-April, the Labor Department said Thursday.
July 14, 2011DOT Freight Index Rose 1.4% in May
The Department of Transportation said Wednesday its freight transportation services index rose 1.4% in May from a year ago.
July 13, 2011Clean Energy Gets $150 Mln. Investment to Build Heavy-Duty Truck Natural Gas Fueling Stations
Chesapeake Energy Corp. said it is investing $150 million in Clean Energy Fuels Corp. to develop about 150 natural gas fueling stations for heavy-duty trucks at truck stops along U.S. interstate highways.
July 13, 2011Imported Goods Prices Fall for First Time in a Year
The price of goods imported to the United States fell 0.5% in June, the first decline in a year, the Labor Department said Wednesday.
July 13, 2011Greatwide Logistics Names John Tague Its New CEO
Transportation company Greatwide Logistics Services said it has appointed John Tague its new CEO.
July 13, 2011Menlo Worldwide Logistics Expanding Presence in Singapore
Menlo Worldwide Logistics said Tuesday it is expanding its presence in Singapore.
July 13, 2011Cummins’ CEO Solso to Retire; Linebarger Named Successor
Truck engine maker Cummins Inc. said late Tuesday that Chairman and CEO Tim Solso will retire at the end of the year.
July 13, 2011DOE’s Diesel Price Forecast Dips a Penny to $3.86 a Gallon
Diesel fuel will average $3.86 per gallon this year and $3.95 in 2012, the Department of Energy said, in line with its most recent forecast.
July 12, 2011Diesel Rises 4.9¢ to $3.899 in Biggest Gain Since Mid-April
Diesel’s national average retail price rose almost a nickel, gaining 4.9 cents to $3.899 a gallon, the biggest increase since mid-April, the Department of Energy said.
July 12, 2011