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

New Unemployment Claims Jump 10,000 for Week

First-time U.S. jobless claims jumped 10,000 last week to 329,000, the Labor Department said Thursday.

January 4, 2007
Business

Fed Minutes Cite Continued Inflation Concern

Federal Reserve officials said inflation was a top concern at their Dec. 12 meeting, according to minutes of the Fed’s Dec. 12 meeting released Wednesday.

January 3, 2007
Business, Safety, Government

ISM Manufacturing Index Rebounds from Contraction

The Institute for Supply Management said Wednesday its manufacturing index for December rose to 51.4 from a 49.5 reading, which had been the first contraction in more than three years.

January 3, 2007
Business, Safety, Government, Logistics

EGL’s CEO Offers to Take Company Private in $1.2 Bln. Buyout

Transportation and logistics firm EGL Inc.’s Chief Executive Officer James Crane and an investment firm offered to take the company private in a $1.2 billion buyout, the company said.

January 3, 2007
Business, Government, Safety, Logistics

HOS Rules in Canada Took Effect This Week

New Canadian hours-of-service rules for commercial drivers took effect Monday, but officials said it was not clear when most provinces would adopt and enforce them.

Andrea Fischer | Staff Reporter
January 3, 2007
Business, Government, Safety

Letters to the Editor: 68 Miles Per Hour (Continued)

It looks like the only way the big companies can save face with shippers and receivers is to force smaller companies like us to downgrade our services to match their dysfunctional programs.

January 3, 2007
Business, Autonomous

Security & Safety Briefs — Dec. 28 - Jan. 3

FMCSA to Offer Driver-Training Grants • Groups Sue Army to Stop Trucking Nerve Gas • Cakeboxx Says Doorless Container Prevents Unauthorized Access

January 3, 2007
Business, Government

Construction Spending Declines for Third Straight Month

U.S. construction spending fell for a third straight month in November, declining 0.2%, the Commerce Department said Wednesday.

January 3, 2007
Business, Safety, Government, Technology, Equipment, Logistics

ABF Freight System Expands Services to Central, Southern States

Less-than-truckload carrier ABF Freight System said late Tuesday it has expanded its regional transportation network to include central and southern states.

January 3, 2007
Government, Business, Fuel, Logistics

Diesel Price Declines 1.6¢ to $2.58 a Gallon

The national average retail price of diesel fuel fell 1.6 cents to $2.58 a gallon, the Department of Energy said Tuesday.

January 3, 2007