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.
Diesel Rises 3.7¢ to $2.877
The average price of retail diesel fuel rose 3.7 cents to $2.877 a gallon, the Department of Energy reported Monday.
April 17, 2007FedEx Sets New Brokerage Service
FedEx Corp. said Tuesday it has introduced a new brokerage company called FedEx Truckload Brokerage.
April 17, 2007Werner’s 1Q Income Declines
Truckload carrier Werner Enterprises said its first-quarter profit declined 29% on lower demand.
April 17, 2007Consumer Prices Rise 0.6%
The consumer price index rose 0.6% in March, the Labor Department reported Tuesday.
April 17, 2007Industrial Production Falls
U.S. industrial production fell 0.2% last month, the Federal Reserve said Tuesday.
April 17, 2007Group May Pull Out of N.Y. Port Deal
The Ontario Teachers Pension Plan may abandon a proposed takeover of a big New York port terminal because of a fee dispute with the port authority, the Toronto Globe and Mail newspaper reported Monday.
April 16, 2007Eaton’s 1Q Profit Improves
Vehicle parts manufacturer Eaton Corp. said Monday that its first-quarter net earnings were $234 million or $1.56 a share, up from $208 million or $1.36 a year ago.
April 16, 2007N.Y. State Factory Index Rises
Manufacturing growth in New York state rose this month but remained near a two-year low, the Federal Reserve Bank of New York said Monday.
April 16, 2007Retail Sales Rise 0.7%
Retail sales rose 0.7% in March, the biggest jump in three months, the Commerce Department said Monday.
April 16, 2007