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.
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, 2007ISM Factory Index Gains in May
The Institute for Supply Management’s May manufacturing index rose as new orders rose, ISM said Tuesday.
June 1, 2007Consumer 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, 2007Unemployment 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, 2007Personal Spending Rises 0.5%
Consumer personal spending rose 0.5% in April, the Commerce Department said Friday.
June 1, 2007Rail, 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, 2007Ceva’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, 2007Allied Emerges from Bankruptcy
Vehicle hauler Allied Systems Holdings has emerged from bankruptcy, the company said in a statement.
May 31, 2007TravelCenters Buys Petro
TravelCenters of America said late Wednesday it has acquired fellow truck stop chain Petro Stopping Centers for about $700 million.
May 31, 2007TMW Acquires Software Firm
Trucking software firm TMW Systems said Thursday it acquired TMT Software, which makes fleet maintenance applications, for an undisclosed sum.