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.
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, 2010Producer 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, 2010Oil 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, 2010Volvo’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, 2010Industrial Production Slows in August
Industrial production rose 0.2% in August, following a bigger gain in July, the Federal Reserve said Wednesday.
September 15, 2010Penske Logistics President to Retire
Penske Logistics President Vincent Hartnett will retire and be replaced by Marc Althen, the company said Wednesday.
September 15, 2010New 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, 2010Wait 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.
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.
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