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.
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, 2008Trimac’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, 2008Business Inventories Gain 0.7%
Business inventories rose 0.7% in May, the Commerce Department said Wednesday.
August 13, 2008Mullen’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, 2008Import 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, 2008Diesel 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, 2008US1 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, 2008NYC 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, 2008TravelCenters 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, 2008Diesel 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