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

Jobless Claims Reach Nine-Month High

Initial jobless claims reached a nine-month high last week, the Labor Department said Thursday.

November 29, 2007
Government, Business

Fed ‘Beige Book’ Cites Slower Economic Growth

Overall economic activity expanded from October into mid-November, but the pace of growth slowed since a previous period, the Federal Reserve said Wednesday.

November 28, 2007
Government, Business, Safety

Judge Says N.J. Can Keep Tolls Study Private

New Jersey Gov. Jon Corzine (D) can keep private a report studying how the state can increase tolls on some of the nation’s busiest highways, a state judge ruled, the Associated Press reported.

November 28, 2007
Government, Business

Navistar Trims ’08 Forecast

Truck and engine maker Navistar International Corp. trimmed its fiscal year 2008 industry forecast for commercial truck and school bus sales in North America, Reuters reported.

November 28, 2007
Business, Government

Durable Goods Orders Fall in October

Durable goods orders fell 0.4% in October, the Commerce Department said Wednesday.

November 28, 2007
Government, Business, Safety

2007 HOS Rule Not Enforced in Western Canada Provinces

Four of Canada’s western provinces and territories have failed to implement new federal hours-of-service rules, while a fifth has delayed enforcement of them until the end of the year.

November 28, 2007
Business

N.C. Issues 50,000 Tickets in Speeding Crackdown

More than 50,000 motorists were ticketed during a weeklong, statewide crackdown on speeders by the North Carolina Highway Patrol, the Associated Press reported.

November 28, 2007
Business, Fuel, Safety, Technology, Government

Forward Air Buying Black Hawk Freight Services

Forward Air Corp. said it has entered into an agreement to acquire certain assets of Black Hawk Freight Services, a privately held provider of transportation services headquartered in Milan, Ill.

November 27, 2007
Business

DHL Sets 4.9% Net Rate Increase

DHL Express said Tuesday it would raise rates by a net 4.9% for 2008, matching previously announced rate increases by major competitors UPS Inc. and Fed Ex Corp.

November 27, 2007
Business

Navistar, UAW Resume Contract Talks

Navistar International Corp. has resumed contract talks with the United Auto Workers aimed at ending a five-week strike, Bloomberg reported.

November 27, 2007