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 2Q Income
Logistics and delivery firm Dynamex Inc.’s fiscal second-quarter profit fell to $2.3 million, or 24 cents a share, from $3.4 million, or 33 cents, a year ago.
March 5, 2009Fourth-Quarter Productivity Falls
Fourth-quarter U.S. worker productivity fell at a 0.4% annual rate, the Labor Department said Thursday.
March 5, 2009Initial, Continuing Jobless Claims Decline
Initial jobless claims fell last week, as did continuing claims, the Labor Department said Thursday.
March 5, 2009Trucking Slowing with Economy, Fed Says
Shipping demand and volumes continued to fall as the U.S. economy further deteriorated at the start of this year, the Federal Reserve said.
March 4, 2009Daimler Dedicates Freightliner Plant in Mexico
SALTILLO, Mexico — Daimler Trucks dedicated its $300 million Freightliner plant here Feb. 27, as Mexican President Felipe Calderon joined company officials to formally launch the 1.3 million-square-foot facility.
March 4, 2009ISM Services Index Continues Contraction
The U.S. economy’s service sector contracted in February, at a faster pace than the previous month, the Institute for Supply Management said Wednesday.
March 4, 2009Obama Releases Billions for Infrastructure Projects
President Obama released billions of federal dollars Tuesday for public works infrastructure projects to spur job growth and help revive the U.S. economy, Bloomberg reported.
March 4, 2009U.S. Auto Sales Fall to 27-Year Low
February U.S. automobile sales fell to the lowest rate in more than 27 years, led by a 53% plunge for General Motors Corp., Bloomberg reported.
March 4, 2009Letters: APU Market Slump, Fuel Prices, Execs vs. Dealers, E-Logs, Outrageous Terms
Your story on the demise of RigMaster comes as no surprise in a sector of the truck market that has seen a drastic downturn of new business, mostly exacerbated by tightening of credit markets (2-9, p. 4).
March 3, 2009December NAFTA Surface Trade Plunges 13.1%
Surface trade among the United States, Canada and Mexico plunged 13.1% in December from a year earlier, to $52.9 billion, the Department of Transportation said Tuesday.
March 3, 2009