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.
Jobless Claims Decline for Week
Initial jobless claims fell by 8,000 last week to 301,000, the Labor Department said Thursday.
July 19, 2007Rush’s 2Q Profit Dips
Truck dealership Rush Enterprises’ second-quarter earnings dipped to $13 million or 51 cents a share, from $14.9 million or 59 cents a year earlier.
July 19, 2007N.Y.C. Congestion-Fee Plan May Be Revived
Just three days after it was apparently killed, New York lawmakers were on the brink of reaching a deal to pass a measure that would impose “congestion fees” on cars and trucks operating in downtown New York City, the New York Daily News reported Thursday.
July 19, 2007Editorial: Truck-Only Lanes
Click here to write a Letter to the Editor. The nation’s top truck safety official has come down squarely as a supporter of truck-only lanes, while the head of the Federal Highway Administration says they might be a good answer to easing road congestion.
July 18, 2007UPS, Teamsters Suspend Talks
UPS Inc. and the Teamsters union said they have temporarily suspended contract talks, citing differences on pensions and benefits.
July 18, 2007Interpool Shareholders Approve Buyout
Interpool Inc. said Wednesday that its stockholders voted to approve the company’s previously announced acquisition by private-equity firm Chariot Acquisition Holding LLC.
July 18, 2007Pennsylvania Gov. Rendell Signs Transportation Measure
Pennsylvania Gov. Ed. Rendell (D) signed a bill into law Wednesday to put nearly $1 billion on average in annual funding for the state’s roads, bridges and public transit systems.
July 18, 2007CSX’s Second-Quarter Earnings Dip
Eastern freight rail line CSX Corp.’s second-quarter earnings fell almost 17% from a year earlier, the railroad said.
July 18, 2007June Consumer Price Index Rises 0.2%
The consumer price index rose 0.2% in June, the smallest gain in five months, the Labor Department said Wednesday.
July 18, 2007Housing Starts Climb 2.3%
Housing starts rose 2.3% last month, the Commerce Department said Wednesday.
July 18, 2007