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.
U.S. Lags in Reducing Traffic Fatalities, Report Says
The U.S. has fallen behind other high income nations in reducing traffic fatalities and injuries, according to a report released Tuesday by the National Research Council, which studied accident data in the U.S. and 15 other countries.
Express-1 Reports Higher 3Q Profit
Express-1 Expedited Solutions’ second-quarter profit rose to $1.7 million, or 5 cents per share, from $811,000, or 3 cents, a year ago.
November 16, 2010Diesel Jumps 6.8¢ to Two-Year High $3.184 a Gallon
Diesel rose to the highest level in more than two years, jumping 6.8 cents to $3.184 a gallon, while gasoline gained 2.7 cents to $2.892, the Department of Energy reported.
November 16, 2010US 1 Industries’ Third-Quarter Profit Improves
Logistics firm US 1 Industries said its third-quarter profit improved on higher load activity.
November 16, 2010Factory Output Takes Biggest Increase in Three Months
Factory production rose by the most in three months in October, posting a 0.5% gain, the Federal Reserve said Tuesday.
November 16, 2010Trailer Bridge’s 3Q Income Declines
Trailer Bridge Inc.’s third-quarter income fell to $6,876, or zero cents per share, from $1.7 million, or 14 cents, a year ago.
November 16, 2010Producer Price Index Rises 0.4%
Prices paid to U.S. producers rose 0.4% in October, the Labor Department said Tuesday.
November 16, 2010P.A.M. to Open Mexico Offices
P.A.M. Transportation Services said it has received authorization from Mexico’s Department of Economy to establish a network of offices in that country as “key markets” in which it plans to expand.
November 16, 2010FedEx Calls for Tax Credits for Electric Vehicles
FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.
November 15, 2010European Truck Makers MAN, Scania Consider Joint Efforts
European truck makers Scania AB and MAN SE are considering a joint effort to make commercial vehicles and potentially become Europe’s largest truck maker, Bloomberg reported Monday.
November 15, 2010