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.
Volvo’s North American Deliveries Jump 83% in January
Volvo AB’s North American heavy-duty truck deliveries jumped 83% in January from a year ago, the company said Wednesday.
February 16, 2011Rush Reports Higher Fourth-Quarter Profit
Truck dealership Rush Enterprises said its fourth-quarter income improved on higher sales.
February 16, 2011Industrial Production Slips 0.1% in January
Industrial production dipped 0.1% in January, the Federal Reserve said Wednesday.
February 16, 2011Housing Starts Jump 15%
Housing starts bounced from one-year low in December to rise 15% in January, the Commerce Department said Wednesday.
February 16, 2011Producer Price Index Rises 0.8%
Prices paid to U.S. producers rose 0.3% in January, the Labor Department said Wednesday.
February 16, 2011Daimler Posts 4Q Profit as Global, North American Truck Sales Improve
Daimler AG said its fourth-quarter truck operations were profitable compared with a loss a year ago, as worldwide truck sales jumped 41%.
February 16, 2011Proposed Transportation Plan Falls Short of Infrastructure Needs, ATA Says
The Obama administration’s budget outline for the Department of Transportation falls short of effectively dealing with the transportation needs of the nation’s consumers and shippers, American Trucking Associations President and CEO Bill Graves said Tuesday.
February 15, 2011Ryder Expanding Fleet by 6,700 New Units
Ryder System said Tuesday it is expanding its North American rental fleet with 6,700 new trucks, tractors, trailers, and vans to meet growing demand.
February 15, 2011EPA Budget Would Cut Clean Diesel Funding
The Obama administration’s proposed budget would cut funding for clean-diesel technology grants, Bloomberg reported.
February 15, 2011FedEx Trims Earnings Outlook on Higher Fuel, Weather-Related Costs
FedEx Corp. cut its quarterly earnings forecast by 25 cents a share, due to rising fuel prices and winter storms that slowed its operations.
February 15, 2011