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

Heartland Reports Improved 2Q Profit

Truckload carrier Heartland Express said its second-profit rose 2.2% from a year ago.

July 15, 2009
Business

Industrial Production Decline Slows in June

Industrial production fell in June at the slowest pace in eight months, the Federal Reserve said Wednesday.

July 15, 2009
Business, Government

Consumer Price Index Increases 0.7%

The consumer price index gained 0.7% in June, the biggest jump since July 2008, the Labor Department said Wednesday.

July 15, 2009
Business, Government

New York Manufacturing Index Improves in July

Manufacturing activity in the New York region contracted at the slowest pace in more than a year, the Federal Reserve Bank of New York said Wednesday.

July 15, 2009
Business, Logistics

Yucaipa Cos. Acquires 49% Stake in Eimskip Cold Storage Business

The Yucaipa Cos., a private equity firm, bought a 49% stake in Versacold International Corp., an operator of temperature-controlled warehouses, from Icelandic shipping and logistics company Hf. Eimskipafelag Islands, or Eimskip.

July 15, 2009
Business, Safety, Government

ATA Testifies on Concerns About Climate-Change Legislation

An American Trucking Associations official told a Senate committee Tuesday that climate-change legislation would impose significant costs on American consumers.

July 14, 2009
Business

Truck Stop Chains Pilot, Flying J Plan Merger

Truck stop chains Pilot Travel Centers LLC and Flying J Inc. have agreed to a merger that would combine two of the largest U.S. truck stop chains and provide a framework for Flying J to emerge from Chapter 11 bankruptcy.

July 14, 2009
Business, Fuel, Logistics

CSX Profit Falls 20% in Second Quarter

Freight railroad CSX Corp. said its second-quarter profit fell 20% as fuel surcharges and shipments dropped.

July 14, 2009
Business, Fuel

Diesel Drops 5.2¢ to $2.542 in Third Straight Decline

Diesel fell for a third straight week, dropping 5.2 cents to $2.542 a gallon, the Department of Energy said.

July 14, 2009
Business, Government

Business Inventories Fall 1%

Business inventories fell 1% in May, marking the ninth consecutive decline, the Commerce Department said Tuesday.

July 14, 2009