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.
Industrial Production Grows in November
Industrial production rose 0.4% in November, the Federal Reserve said Wednesday.
December 15, 2010New York ‘Empire’ Manufacturing Index Expands
Manufacturing activity in the New York region expanded this month, the Federal Reserve Bank of New York said Wednesday.
December 15, 2010Consumer Price Index Rises 0.1%
The consumer price index rose 0.1% in November, the Labor Department said Wednesday.
December 15, 2010Truck-Weight Pilot Program Wins Support
U.S. Sen. Susan Collins has persuaded her Appropriations Committee colleagues to include a provision in the government’s pending funding plan that would continue to allow trucks weighing over 80,000 pounds continue running on interstate highways in Maine and Vermont.
Fed Holds Interest Rate at Record Low
The Federal Reserve voted Tuesday to keep a key U.S. interest rate at a record low rate of zero to 0.25%, though it cited concerns over continued high unemployment.
December 14, 2010Business Inventories Rise 0.7%
Business inventories rose 0.7% in October, the Commerce Department said Tuesday.
December 14, 2010Producer Price Index Rises More Than Forecast
Prices paid to U.S. producers rose 0.8% in November, the Labor Department said Tuesday.
December 14, 2010Retail Sales Continues to Climb, Rising 0.8%
Retail sales continued to rise, increasing 0.8% in November, the Commerce Department reported Tuesday.
December 14, 2010Diesel Rises 3.4¢ to $3.231 in Latest Two-Year High
Diesel rose to its latest two-year high — the third time it has done so in the past month — rising 3.4 cents to $3.231 a gallon, the Department of Energy said.
December 14, 2010OHL Names North American Transportation President
Ozburn-Hessey Logistics said Dec. 13 it promoted Greg Sanders president of the company’s North America Transportation unit.
December 14, 2010