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.
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, 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.
Construction Spending Rises 0.1%
Construction spending rose 0.1% in April, for a third straight monthly increase, the Commerce Department said Thursday.
May 31, 2007Chicago Factory Index Rises in May
Manufacturing activity in the Chicago region accelerated in May, the National Association of Purchasing Management said Thursday.
May 31, 2007Jobless Claims Fall 4,000 for Week
Initial jobless claims fell 4,000 last week, the Labor Department said Thursday.
May 31, 2007