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.
Industrial Production Rises 1% in July
Industrial production rose 1% in July, boosted by higher factory output, the Federal Reserve said Tuesday.
August 17, 2010Echo Global Logistics’ 2Q Profit Increases
Echo Global Logistics said its second-quarter profit grew to $1.9 million, or 9 cents per share, compared with $692,000, or 3 cents, a year ago.
August 17, 2010Md. Sets Blue-Ribbon Panel to Study Transportation Funding
Maryland Gov. Martin O’Malley (D) has named 20 people to a blue-ribbon commission assigned to come up with recommendations for reshaping how Maryland funds its transportation system.
Housing Starts Climb 1.7%; Building Permits Fall
Housing starts grew 1.7% in July, while building permits dropped 3.1%, the Commerce Department said Tuesday.
August 17, 2010Producer Price Index Rise for First Time in Four Months
Prices paid to U.S. producers rose for the first time in four months in July, the Labor Department said Tuesday.
August 17, 2010Diesel Dips 1.2¢ to $2.979, in First Decline in a Month
Diesel declined for the first time in four weeks, dipping 1.2 cents to $2.979 a gallon, the Department of Energy said Monday.
August 16, 2010YRC Completes Initial Closing of Logistics Unit Sale
YRC Worldwide said Monday it completed the initial closing of its the previously announced sale of a portion of its YRC Logistics unit to a private equity firm.
August 16, 2010Volvo Unveils Inspection Bypass Technology
Volvo Trucks North America has joined research organizations to announce its “Trusted Truck” technology, which it says will allow safe trucks to bypass inspection stations.
August 16, 2010New York Manufacturing Index Grows in August
Manufacturing activity in the New York region increased its rate of growth in August, the Federal Reserve Bank of New York said Monday.
August 16, 2010More States Adopt Laws Curbing Carrier Liability
Florida and Louisiana are the latest states to adopt laws that protect carriers from being forced to assume unwarranted liabilities. They bring to 23 the number of states with anti-indemnification laws.
August 16, 2010