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.
Dynamex Reports Lower 3Q Income
Logistics and delivery firm Dynamex Inc.’s fiscal third-quarter profit fell to $1.6 million, or 17 cents a share, from $3.8 million, or 37 cents, a year ago.
June 4, 2009Productivity Level Rises 1.6% in First Quarter
First-quarter U.S. worker productivity improved at an annual rate of 1.6% in the first quarter, twice the level originally reported, the Labor Department said Thursday.
June 4, 2009Continuing Jobless Claims Decline for First Time in Five Months
Initial jobless claims dipped 4,000 last week, while the number of Americans collecting continuing jobless benefits fell for the first time in five months, the Labor Department said Thursday.
June 4, 2009Oil Closes Near $70 a Barrel
Crude oil rose to near $70 a barrel Thursday before receding to close the trading day at just under $69 on the New York Mercantile Exchange, Bloomberg reported.
June 4, 2009Oil Drops $2 After DOE Cites Higher Inventories
Oil prices took their biggest one-day drop in six weeks Wednesday to near $66 a barrel following an Energy Department report that showed crude inventories improved last week, Bloomberg reported.
June 3, 2009Administration Warns Highway Fund Could Be Out of Money by August
The Obama administration is warning that the Federal Highway Trust fund will run out of money in August if lawmakers don't give it an infusion of $5 billion to $7 billion, the Associated Press reported.
June 3, 2009FHWA Nominee Seeks ‘Balance’ on Truck-Weight Issue
WASHINGTON — President Obama’s nominee to head the Federal Highway Administration told a Senate panel he considers it important to look for “balance” in debating truck size limits.
Navteq to Supply Digital Maps for Freightliner
Mapping technology firm Navteq said Wednesday it will supply the digital maps used for GPS-assisted cruise control in Freightliner's Cascadia brand trucks.
June 3, 2009ISM Services Index Improves in May
The U.S. economy’s service sector improved last month with its highest reading in seven months but still showed contraction, the Institute for Supply Management said Wednesday.
June 3, 2009CEVA Retains Ford Contract
CEVA Logistics said it won renewal of a contract to provide inbound logistics services for a Ford Motor Co. plant in Claycomo, Mo.
June 3, 2009