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, Government

Retail Sales Fall for First Time in Five Months

Retail sales fell 0.1% in July, the first decline in five months, the Commerce Department said Wednesday.

August 13, 2008
Business, Safety, Government

Trimac’s Second-Quarter Income Drops

Canada-based transportation firm Trimac Income Fund said its second-quarter net earnings plunged to C$2.6 million, or 9 cents per unit, from C$7.9 million, or 17 cents, a year ago.

August 13, 2008
Business, Government

Business Inventories Gain 0.7%

Business inventories rose 0.7% in May, the Commerce Department said Wednesday.

August 13, 2008
Business, Safety, Government, Logistics

Mullen’s 2Q Income Improves

Canadian transportation firm Mullen Group Income Fund’s second-quarter profit rose to C$19.9 million, or 25 cents a unit, from C$16.6 million, or 21 cents, a year ago.

August 13, 2008
Business, Government

Import Prices Rise 1.7% in June

The price of goods imported to the United States rose 1.7% in July, the Labor Department said Wednesday.

August 13, 2008
Fuel, Business

Diesel to Average $4.18 This Year, DOE Says

Diesel fuel will average $4.18 a gallon this year and $4.27 in 2009, the Department of Energy said Tuesday.

August 12, 2008
Business, Logistics

US1 Industries Reports Lower 2Q Profit

Logistics firm US1 Industries said its second-quarter net income slipped to $813,000, or 6 cents a share, from $1.1 million, or 9 cents, a year ago.

August 12, 2008
Business, Technology

NYC Plans to Track Vehicles Entering City

New York City is developing a plan to track every vehicle that enters Manhattan to help guard against potential terrorist attacks, the New York Times reported Tuesday.

August 12, 2008
Business

TravelCenters of America Reports 2Q Loss

Truck stop chain TravelCenters of America lost $9.7 million, or 69 cents per share, in the second quarter, compared with a loss of $6.3 million, or 72 cents, a year ago.

August 12, 2008
Fuel, Business, Logistics, Government

Diesel Plunges 14.9¢ to $4.353

Diesel fuel’s national average pump price continued to slide Monday, falling 14.9 cents to $4.353 a gallon, the Energy Department said.

August 12, 2008