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

Intermodal Traffic Rises 8.7% for Week

Intermodal traffic rose 8.7% last week from a year ago, the Association of American Railroads reported.

May 27, 2011
Business

CSC Wins 3-Year Postal Repair Contract

Computer Sciences Corp. announced it has won a $42 million, three-year contract from the U.S. Postal Service to repair mail containers, trays and sacks at a postal facility near Los Angeles.

May 27, 2011
Business

Iteris’ Fiscal 4Q Income Slips

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said its fiscal fourth-quarter earnings fell from a year ago, but turned around a loss in the previous quarter.

May 26, 2011
Business, Fuel

Oil Falls, but Holds Over $100 a Barrel

Oil fell more than $1 Thursday but remained over $100 a barrel for a second day, Bloomberg reported.

May 26, 2011
Business

E&MU: Battle of the Engine Oils

The performance claims of engine oil manufacturers are being put to the test by fleets, engine makers and service centers who study the relative benefits and limitations of conventional, synthetic and semi-synthetic blends.

May 26, 2011
Business

Holiday Weekend Driving Forecast to Drop Slightly, AAA Says

The number of Americans driving during the Memorial Day holiday weekend will drop for the first time in three years as gasoline hovers near $4 a gallon, Bloomberg reported.

May 26, 2011
Business, Logistics

Logistics Firm Kane Is Able Names Westermann President

Third-party logistics provider Kane Is Able said Thursday it has named 30-year logistics industry veteran Pete Westermann its president and chief operations officer.

May 26, 2011
Business

Initial Jobless Claims Drop By 10,000

Initial jobless claims fell 10,000 to 424,000 last week, the Labor Department reported Thursday.

May 26, 2011
Perspective, Business, Logistics

Opinion: Rethink the ‘Just-in-Time’ Delivery System

The successful application of just-in-time delivery requires every link of the supply chain to remain unbroken. Trucks and their cargo must arrive within a very precise, predetermined period of time — often only hours before the cargo is needed on the assembly line.

May 26, 2011
Business

Truck Tonnage Rises 4.8% in April

Truck tonnage rose 4.8% in April from a year ago, American Trucking Associations said.

May 25, 2011