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.

Government, Business, Safety, Logistics

NTSB Rejects Tank Carriers’ Request in Wetlines Case

The National Transportation Safety Board has rejected a request to reconsider its findings in a 1997 fatal accident used to justify stricter wetlines rules.

Michele Fuetsch | Staff Reporter
November 15, 2011
Business

Meritor’s 4Q Profit Jumps on Stronger Truck Market

Components maker Meritor Inc. said Tuesday its fiscal fourth-quarter profit jumped from a year ago on a stronger global truck market.

November 15, 2011
Business

Icahn Won’t Seek Representation on Navistar’s Board

Investor Carl Icahn, who bought a 9.8% stake in Navistar International Corp. last month, will not seek representation on the company’s board and will vote for Navistar’s board nominees next year.

November 15, 2011
Business, Fuel

Diesel Jumps a Dime to $3.987 a Gallon; Gasoline Gains for First Time in a Month

Diesel jumped a dime to its highest level in almost six months —  a national average price of $3.987 a gallon, the Department of Energy reported.

November 15, 2011
Business

Purolator Courier, Teamsters Agree on New Pact

Canadian parcel carrier Purolator Courier said it has reached a tentative contract with the Teamsters that covers about 10,000 union members.

November 15, 2011
Business

Business Inventories Hold Steady in September

Business inventories were little changed in September while sales increased, the Commerce Department said Tuesday.

November 15, 2011
Business

Producer Prices Decline in October

Prices paid to U.S. producers decreased 0.3% in October, the largest decline in four months, the Labor Department said Tuesday.

November 15, 2011
Business

N.Y. Manufacturing Index Expands For First Time Since May

Manufacturing activity in the New York region expanded in November for the first time in six months, the Federal Reserve Bank of New York said Tuesday.

November 15, 2011
Business

Retail Sales Rise 0.5% in October

Retail sales improved 0.5% in October, led by higher electronics sales, the Commerce Department said Tuesday.

November 15, 2011
Business, Fuel

U.S. Delays Decision on Keystone Oil Pipeline

The U.S. State Department said it has delayed its decision on the proposed Keystone XL oil pipeline and will examine alternate routes that would avoid environmentally sensitive areas in Nebraska, the Associated Press reported.

November 14, 2011