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.
U.S. Trade Deficit Jumps 14%
The U.S. trade deficit jumped by 14% in March as imports rose, the Commerce Department said Thursday.
May 10, 2012Weekly Jobless Claims Fall by 1,000
Initial jobless claims fell last week to the lowest level in a month, the Labor Department said Thursday.
May 10, 2012Clean Energy’s 1Q Loss Widens on One-Time Charge
Clean Energy Fuels Corp. reported its first-quarter loss widened, in part due to one-time costs.
May 10, 2012DOT Freight Transportation Index Improves
The Department of Transportation’s freight transportation services index rose 0.8% in March from the same month last year, DOT said Wednesday.
May 9, 2012Wabash Buys Bulk-Trailer Maker Walker Group
Trailer manufacturer Wabash National Corp. said it has completed its previously announced acquisition of Walker Group Holdings.
May 9, 2012Commercial Vehicle Group Reports Higher 1Q Income
Commercial Vehicle Group’s first-quarter profit improved, the truck and auto components maker said.
May 9, 2012DOE Lowers Price Forecasts for Diesel, Gasoline, Crude Oil
Diesel fuel will average $4.06 a gallon this year, the Department of Energy said, lowering a previous forecast.
May 9, 2012First-Quarter Intermodal Volume Gains 5.8% Year-Over-Year
Intermodal traffic volume rose 5.8% in the first quarter from a year ago, the Intermodal Association of North America said.
May 9, 2012Wholesale Inventories Rise
Wholesale inventories rose 0.3% in March, the Commerce Department said Wednesday.
May 9, 2012Goodyear, Cooper Tire Report Mixed 1Q Results
Goodyear Tire & Rubber Co. reported a first-quarter loss, citing refinancing charges that offset higher revenue.
May 9, 2012