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.
Business Inventories Rise 0.5%
Business inventories rose 0.5% in July while sales gained 1.1%, the Commerce Department said Friday.
September 14, 2007Industrial Production Rises 0.2% in August
Industrial production rose 0.2% in August, the Federal Reserve said Friday.
September 14, 2007August Retail Sales Rise 0.3%
Retail sales gained 0.3% in August, the Commerce Department said Friday.
September 14, 2007Oil Closes Above $80 for First Time
Crude oil futures rose to a third record in three days Thursday, closing the trading day at more than $80 a barrel for the first time ever, Bloomberg reported.
September 13, 2007Rail, Intermodal Traffic Drop for Week
Rail carload and intermodal freight traffic declined from a year ago for the Labor Day holiday week ended Saturday, the Association of American Railroads said.
September 13, 2007Senate Bill Blocks Some Tolls
A transportation spending bill passed by the Senate Wednesday includes a ban on tolls for existing Texas roadways, the Associated Press reported.
September 13, 2007Conn. Sets Truck Ban on Dangerous Decline
The Connecticut State Traffic Commission has put in place a temporary ban on big trucks from the a steep portion of state Route 44 on Avon Mountain, the Hartford Courant reported.
September 13, 2007Jobless Claims Rise for Week
Initial jobless claims rose by 4,000 last week to 319,000, the Labor Department said Thursday.
September 13, 2007DOT Freight Transport Index Drops
The Department of Transportation’s freight transportation services index for July declined 2.9% from the same month a year ago, DOT said Wednesday.
September 13, 2007Oil Tops $80 a Barrel for First Time
Crude oil futures topped $80 a barrel for the first time and closed at a record high for a second straight day, finishing the trading day at $79.19 on the New York Mercantile Exchange, Bloomberg reported Wednesday.
September 13, 2007