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 Home Sales Decline in February

New home sales fell 1.6% in February, the second straight monthly decline, the Commerce Department said Friday.

March 23, 2012
Business

Arkansas to Study Tolls for Interstate 40

The state of Arkansas will fund a study to examine the viability of tolling a portion of Interstate 40 in the state, the Arkansas Democrat-Gazette reported.

March 23, 2012
Business, Logistics

Trailer Bridge Emerges From Bankruptcy

Trailer Bridge Inc., which provides ocean shipping between Florida, Puerto Rico and the Dominican Republic, has emerged from Chapter 11 with Seacor Holdings as its new majority owner.

March 23, 2012
Business, Fuel

Oil Rises Over $107 Following Iran Report

Oil rose almost $2 to more than $107 a barrel Friday following a report that Iranian crude exports may drop due to sanctions, Bloomberg reported.

March 23, 2012
Business

Navistar Makes Natural Gas Push at MATS

LOUISVILLE, Ky. — Navistar Inc. made a big push for natural gas at the Mid America Trucking Show, being held here this week.

Bruce Harmon | News Editor
March 22, 2012
Business, Fuel

Oil Falls Below $105 a Barrel

Oil fell more than $2 to below $105 a barrel Thursday, the lowest level in more than two weeks, Bloomberg reported.

March 22, 2012
Business, Logistics

UTi Worldwide’s 4Q Profit Declines

Air and freight forwarder UTi Worldwide said its fiscal fourth-quarter net income slipped to $12.4 million, or 12 cents a share, from $14.5 million, or 14 cents, a year earlier.

March 22, 2012
Business

Leading Indicators Rise in February

An index of leading economic indicators rose in February by the most in 11 months, the New York-based Conference Board said Thursday.

March 22, 2012
Business

FedEx Corp.’s 3Q Profit Improves

FedEx Corp. said Thursday its third-quarter net income more than doubled, to $521 million, or $1.65 per share, from $231 million, or 73 cents, a year ago.

March 22, 2012
Business

Jobless Claims Fall to Four-Year Low

Initial jobless claims declined by 5,000 last week to the lowest level in four years, the Labor Department said Thursday.

March 22, 2012