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.

Government, Business

April Economic Indicators Decline

An index of leading economic indicators fell in April, the New York-based Conference Board said Thursday.

May 17, 2007
Business, Safety

Calif. Ramp Fix Ahead of Schedule

The freeway ramp to Interstate 880 that collapsed after an April 29 gasoline-tanker accident last month is expected to be rebuilt by Memorial Day next weekend, ahead of schedule, the San Francisco Chronicle reported.

May 17, 2007
Business

Jobless Claims Fall by 5,000

Initial jobless claims fell by 5,000 last week, the Labor Department said Thursday.

May 17, 2007
Business

Industrial Production Rises in April

Industrial production rose 0.7% in April, the Federal Reserve said Wednesday.

May 16, 2007
Business

Velocity Takes Fiscal 3Q Loss

Velocity Express said Tuesday it lost $13.3 million or 49 cents a share in its fiscal third quarter ended March 31, compared with a loss of $3.9 million or 23 cents a year ago.

May 16, 2007
Business, Safety, Government

House Delays Mexican-Trucks Plan

The House voted overwhelmingly Tuesday to delay a Department of Transportation plan to allow Mexican trucks full access to U.S. highways, the Associated Press reported.

May 16, 2007
Business, Safety, Autonomous

DHS Sets $11.6 Mln. for Highway Watch Program

The Department of Homeland Security said Thursday it has issued an $11.6 million grant to the Highway Watch program it sponsors jointly with American Trucking Associations.

May 16, 2007
Government, Business, Safety

Real ID Rule Would Hurt Trucking, ATA Says

May 16, 2007
Business, Logistics

US 1 Industries’ Income Dips

Logistics firm US 1 Industries’ first-quarter income fell to $370,000 or 3 cents a share, from $695,000 or 6 cents a year ago.

May 16, 2007
Business, Autonomous

TravelCenters Posts 1Q Loss

Truck stop chain TravelCenters of America reported a net loss for the two-month period from Feb. 1 through March 31, and for the first quarter.

May 16, 2007