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

Ryder Opens Two Natural-Gas Stations in California

Ryder System said it has opened two natural-gas fueling stations in California open to the public.

July 11, 2013
Business

Initial Jobless Claims Rise by 16,000

Initial jobless claims rose by 16,000 last week, the Labor Department reported Thursday.

July 11, 2013
Business

DOT Freight Transportation Index Rises 2.7%

The Department of Transportation’s freight transportation services index rose 2.7% in May from the same month last year to the second-highest level on record, DOT said Wednesday.

July 11, 2013
Business, Equipment

Cummins Boosting Dividend 25%

Engine maker Cummins Inc. said it is boosting its quarterly dividend 25%, reflecting its “confidence in the long-term prospects for the company.”

July 10, 2013
Government, Business

Senator Drops Objection to Vote on EPA Nominee

A key Republican senator said he is dropping a filibuster threat to block the nomination of Gina McCarthy to become administrator of the Environmental Protection Agency.

July 10, 2013
Business, Logistics

Police Weigh Criminal Charges in Quebec Rail Crash

Canadian authorities are investigating potential criminal acts or negligence following Saturday’s crash of runaway railcars loaded with crude oil that exploded in a Quebec town, Bloomberg News reported Wednesday.

July 10, 2013
Business, Fuel

Oil Tops $105 a Barrel as Supplies Decline

Oil continued its recent climb, rising to more than $105 a barrel Wednesday after a Department of Energy report showed that crude supplies fell last week, Bloomberg News reported.

July 10, 2013
Business

Wholesale Inventories Fall in May

Wholesale inventories fell 0.5% in May, the biggest drop since September 2011, the Commerce Department reported Wednesday.

July 10, 2013
Business, Logistics

Intermodal Traffic Reaches All-Time Monthly Record in June

U.S. intermodal traffic set a new record for average weekly volume in June, the Association of American Railroads said Tuesday.

July 10, 2013
Business, Logistics

APL Logistics Launches Warehouse Management System for Wal-Mart in Mexico

APL Logistics said it has launched a warehouse management system for Wal-Mart in Mexico to enable same-day order fulfillment and next-day delivery for online sales.

July 10, 2013