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.
Diesel Jumps 10¢ to $3.987, in Largest Increase in 7 Months
U.S. retail diesel prices jumped last week, as the national average gained 10 cents a gallon to $3.987, the largest weekly increase in more than seven months, the Department of Energy reported.
November 21, 2011UPS Sets 4.9% Increase in 2012 Ground, Air Rates
UPS Inc. will raise its ground and air rates by 4.9%, effective Jan. 2.
November 18, 2011House GOP Seeks to Link Highway Funding, Expanded Oil Drilling
House Republicans said they plan to introduce a five-year highway funding bill that would be paid for by expanded domestic oil drilling.
Intermodal Traffic Rises 5.2% for Week
U.S. intermodal traffic rose 5.2% for the week ended Saturday from a year ago, the Association of American Railroads reported.
November 18, 2011Leading Economic Indicators Improve
An index of leading economic indicators rose in October by the most in eight months, the New York-based Conference Board said Friday.
November 18, 2011Trailer Bridge to Be Delisted by Nasdaq
A day after announcing its bankruptcy filing, Trailer Bridge said late Thursday that its stock will be delisted by Nasdaq on Nov. 28.
November 18, 2011Philadelphia Manufacturing Growth Slows
Manufacturing activity in the Philadelphia region declined this month but showed expansion, the Federal Reserve Bank of Philadelphia said.
November 18, 2011Housing Starts Dip in October
Housing starts slipped 0.3% in October but building permits jumped to their highest level in almost a year and a half, the Commerce Department said Thursday.
November 17, 2011Jobless Claims Decline to Lowest Level Since April
Initial jobless claims decreased by 5,000 last week to 388,000, the lowest level in seven months, the Labor Department said Thursday.
November 17, 2011Equity Firm Increases Investment in Syncreon
Private equity firm GenNx360 Capital Partners on Thursday announced it has increased its investment in and ownership of syncreon, a global logistics and supply chain company.
November 17, 2011