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 Price Gains 3.1¢ to $2.924
The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.
September 17, 2007Navistar Wins $71.5 Mln. Military Contract
Truck and engine maker Navistar International Corp. said its military affiliate, International Military and Government LLC, won a $71.5 million contract from the U.S. Marine Corps to provide parts support for the Corps’ International MaxxPro mine-resistant ambush-protected vehicles.
September 14, 2007UPS Expands Air Service in Japan
UPS Inc. said it reached agreement with the U.S. State and Transportation Departments to expand its air operations to and from Japan.
September 14, 2007Consumer Confidence Rises in September
U.S. consumer confidence rose slightly this month, according to the University of Michigan’s latest consumer sentiment index, released Friday.
September 14, 2007Import Prices Decline, Labor Says
The price of goods imported to the United States dipped in August on lower oil costs, the Labor Department said Friday.
September 14, 2007Business Inventories Rise 0.5%
Business inventories rose 0.5% in July while sales gained 1.1%, the Commerce Department said Friday.
September 14, 2007Industrial Production Rises 0.2% in August
Industrial production rose 0.2% in August, the Federal Reserve said Friday.
September 14, 2007August Retail Sales Rise 0.3%
Retail sales gained 0.3% in August, the Commerce Department said Friday.
September 14, 2007Oil Closes Above $80 for First Time
Crude oil futures rose to a third record in three days Thursday, closing the trading day at more than $80 a barrel for the first time ever, Bloomberg reported.
September 13, 2007Rail, Intermodal Traffic Drop for Week
Rail carload and intermodal freight traffic declined from a year ago for the Labor Day holiday week ended Saturday, the Association of American Railroads said.
September 13, 2007