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

July Consumer Sentiment Index Rises

U.S. consumer confidence rose this month to the highest level since October, according to the University of Michigan’s monthly consumer sentiment index released Friday.

July 13, 2007
Business, Government

Business Inventories, Sales Gain

U.S. business inventories rose 0.5% in May as sales rose, the Commerce Department said Friday.

July 13, 2007
Business, Logistics

General Freight Launches International Division

Third-party logistics firm General Freight Services said Friday it has launched an international Logistics Division, which will be headed by David Higgs.

July 13, 2007
Business, Government

June Retail Sales Fall 0.9%

Retail sales fell 0.9% in June, the Commerce Department said Friday.

July 13, 2007
Fuel, Business, Government

Import Prices Rise 1% in June

The price of goods imported to the United States rose for a fifth straight month in June, on higher fuel costs, the Labor Department reported Friday.

July 13, 2007
Business, Safety

Rail, Intermodal Levels Fall

Rail carload and intermodal freight fell for the week ended Saturday compared with a year ago, the Association of American Railroads said.

July 13, 2007
Government, Business, Safety, Fuel, Logistics

Standards Group Fails to Pass ‘Hot Fuel’ Reform

A measure that would have set standards for “hot fuel” fell just short of passage at a meeting of the National Conference on Weights and Measures, the Kansas City Star reported.

July 12, 2007
Business, Government, Fuel

Florida Sets Plan to Limit Emissions

Florida Gov. Charlie Crist (R) said is set to sign an order that would match California’s standards for greenhouse gas emissions from automobiles, the Washington Post reported Thursday.

July 12, 2007
Business

Hub Group Drops Interdom Deal

Hub Group Inc. said it has terminated its agreement to acquire intermodal marketing company Interdom Partners.

July 12, 2007
Business, Logistics, Government

New Freight Rail Line to Serve Michigan, Indiana

A new freight rail line, Michigan Central Railway, will start freight rail service in Michigan and Indiana next year, the company said Thursday.

July 12, 2007