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.
Schneider, DHL Stepping Up Operations in China
Truckload carrier Schneider National said Thursday it received a business license from the Chinese government to begin trucking and logistics operations in that country.
February 15, 2007TTNews.com to Close Monday for Presidents’ Day Holiday
Transport Topics Online will be closed Monday for the Presidents’ Day holiday. Please check back on Tuesday, Feb. 19, for the latest trucking and freight transportation news.
February 15, 2007Intermodal Traffic Edges Up for Week; Rail Carloads Decline
Rail intermodal traffic rose 1.1% last week, the Association of American Railroads reported Thursday.
February 15, 2007Philadelphia Factory Index Near Flat in February
Manufacturing levels in the Philadelphia area fell back to a near-flat level this month following a big jump in January, the Federal Reserve Bank of Philadelphia said Thursday.
February 15, 2007Caterpillar to Buy Back $7.5 Bln. in Stock Over Five Years
Diesel engine manufacturer Caterpillar Inc. plans to repurchase $7.5 billion of its stock in the five years, its fourth buyback since 1995, the company said Thursday.
February 15, 2007Michelin Reports Lower Profit in 2006
Tire maker Michelin said Thursday it earned about $750 million or $5.20 a share in 2006, down from $1.17 billion or $8.04 in 2005.
February 15, 2007Industrial Production Declines in January
Industrial production fell 0.5% in December, the most in more than a year, the Federal Reserve said Thursday.
February 15, 2007New York State Manufacturing Index Jumps in February
Manufacturing growth in New York state rebounded in February from January, the Federal Reserve Bank of New York said Thursday.
February 15, 2007U.S. Import Prices Decline in January, Labor Department Reports
The price of goods imported to the United States fell 1.2% in January, the most in three months, the Labor Department said Thursday.
February 15, 2007First-Time Jobless Claims Jump 44,000 for Week
First-time U.S. jobless jumped last week by 44,000, the biggest increase since September 2005, the Labor Department said Thursday.
February 15, 2007