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

New Jobless Claims Fall for Week

Initial jobless claims dropped by 3,000 last week to the lowest level in two months, the Labor Department said Thursday.

September 16, 2010
Business, Government

Producer Price Index Rises for Second Straight Month

Prices paid to U.S. producers rose for the second consecutive month in August, the Labor Department said Thursday.

September 16, 2010
Business, Fuel

Oil Falls to Near $76 a Barrel

Oil fell almost $1 to near $76 a barrel Wednesday, its biggest decline in two weeks, even as the Department of  Energy reported that supplies declined last week.

September 15, 2010
Business

Volvo’s North American Deliveries More Than Double in August

Volvo AB’s August North American heavy-duty truck sales jumped 151% from a year ago to 1,210 units, the company said Wednesday.

September 15, 2010
Business

Industrial Production Slows in August

Industrial production rose 0.2% in August, following a bigger gain in July, the Federal Reserve said Wednesday.

September 15, 2010
Business, Logistics

Penske Logistics President to Retire

Penske Logistics President Vincent Hartnett will retire and be replaced by Marc Althen, the company said Wednesday.

September 15, 2010
Business, Government

New York Manufacturing Index Expansion Slows

Manufacturing activity in the New York region expanded in September at the lowest rate in more than a year, the Federal Reserve Bank of New York said Wednesday.

September 15, 2010
Government, Business, Logistics

Wait Times Fall at So. Calif. Ports

Container pick-up turn times for drayage operators at the Ports of Los Angeles and Long Beach are improving due to additional gate openings, increased staff and flex lunch hour shifts, motor carriers and terminal operators said Monday. 

Eric Miller | Senior Reporter
September 14, 2010
Government, Business

Virginia May Privatize for Road Funding, Building

Virginia Gov. Bob McDonnell (R) is proceeding with privatization plans in two transportation areas, funding the system and building a new toll road.

Michele Fuetsch | Staff Reporter
September 14, 2010
Business

Navistar Gets Michigan Tax Credit for Armored Truck Facility

Navistar International Corp. has received a $2.5 million state tax credit to build an engineering center in Michigan for armored truck production, Bloomberg reported Tuesday.

September 14, 2010