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 Grows 6.5% for Week

Intermodal traffic rose 6.5% last week from a year ago, the Association of American Railroads said.

March 18, 2011
Business, Fuel

Oil Closes Above $100 a Barrel

Crude oil closed above $100 Thursday after staying below that price for two days, Bloomberg reported.

March 18, 2011
Government, Business

Leading Economic Indicators Improve 0.8%

An index of leading economic indicators rose 0.8% in February, the eighth straight monthly increase, the New York-based Conference Board said.

March 18, 2011
Business

Gary Salisbury Elected TCA Chairman

Gary Salisbury, president and CEO of Fikes Truck Line, Hope, Ark., was elected chairman of the Truckload Carriers Association for 2011-2012 at TCA’s annual meeting in San Diego.

March 17, 2011
Business, Equipment

Philadelphia Manufacturing Index Hits Highest Level Since 1984

Manufacturing activity in the Philadelphia region rose to its highest level in 27 years, the Federal Reserve Bank of Philadelphia said.

March 17, 2011
Government, Business

NAFTA Surface Trade Rose 24.3% Last Year

Surface transportation trade among the United States, Canada and Mexico rose 24.3% last year from 2009, the Department of Transportation said Thursday.

March 17, 2011
Business

Industrial Production Declines 0.1%

Industrial production declined 0.1% in February, led by a downturn in utility output, the Federal Reserve said Thursday.

March 17, 2011
Business

FedEx’s 3Q Profit Dips 3% to $231 Million

FedEx Corp. said Thursday its fiscal third-quarter net income slipped 3% to $231 million, or 73 cents a share, from $239 million, or 76 cents, a year earlier.

March 17, 2011
Business

Jobless Claims Decline for Week

Initial jobless claims dropped by 16,000 last week, the third decrease in four weeks, the Labor Department reported Thursday.

March 17, 2011
Business, Government

Consumer Price Index Grows 0.5%

The consumer price index increased 0.5% in Febuary, the Labor Department said Thursday.

March 17, 2011