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

Industrial Production Rises 1% in July

Industrial production rose 1% in July, boosted by higher factory output, the Federal Reserve said Tuesday.

August 17, 2010
Business, Logistics

Echo 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, 2010
Government, Business

Md. 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.

Michele Fuetsch | Staff Reporter
August 17, 2010
Business

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, 2010
Business

Producer 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, 2010
Business, Fuel

Diesel 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, 2010
Business

YRC 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, 2010
Business

Volvo 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, 2010
Business, Government

New 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, 2010
Business, Safety, Government

More 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