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, Safety, Government

NAFTA Surface Trade Hits Record

Surface trade among the United States, Canada and Mexico was 2.3% higher in March than in a year ago and reached the highest monthly level ever recorded, the Department of Transportation said.

June 1, 2007
Business, Safety, Government

ISM Factory Index Gains in May

The Institute for Supply Management’s May manufacturing index rose as new orders rose, ISM said Tuesday.

June 1, 2007
Business, Government

Consumer Sentiment Rises in May

U.S. consumer confidence rose in May from an eight-month low the previous month, according to the University of Michigan’s monthly consumer sentiment index released Friday.

June 1, 2007
Business

Unemployment Rate Holds at 4.5%

U.S. payrolls jumped by 157,000 in May while the unemployment rate held at 4.5%, the Labor Department reported Friday.

June 1, 2007
Government, Business

Personal Spending Rises 0.5%

Consumer personal spending rose 0.5% in April, the Commerce Department said Friday.

June 1, 2007
Business, Safety

Rail, Intermodal Fall for Week

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

June 1, 2007
Business, Logistics

Ceva’s First-Quarter Loss Widens

Ceva Group Plc said it lost 14.9 million euros (about $20 million) in the first quarter, compared with a loss of 7.7 million euros ($10.4 million) a year earlier.

May 31, 2007
Business, Technology, Equipment, Safety

Allied Emerges from Bankruptcy

Vehicle hauler Allied Systems Holdings has emerged from bankruptcy, the company said in a statement.

May 31, 2007
Business, Government, Autonomous

TravelCenters Buys Petro

TravelCenters of America said late Wednesday it has acquired fellow truck stop chain Petro Stopping Centers for about $700 million.

May 31, 2007
Business, Technology, Equipment, Safety, Autonomous

TMW Acquires Software Firm

Trucking software firm TMW Systems said Thursday it acquired TMT Software, which makes fleet maintenance applications, for an undisclosed sum.

Tarun Reddy | Staff Reporter
May 31, 2007