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

July Industrial Production Rises 0.2%

U.S. industrial production rose 0.2% in July, the Federal Reserve said Friday.

August 15, 2008

Best Trucking Invoicing Software for Growing Carriers

Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.

Business, Safety

Rail, Intermodal Traffic Decline for Week

Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.

August 15, 2008
Business, Government

Consumer Confidence Improves in August

U.S. consumer confidence improved this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index, released Friday.

August 15, 2008
Business, Fuel

Oil Closes Week Below $114

Crude oil continued its slide of the last few weeks, falling $1.58 Friday to close the trading week at $113.43 a barrel on the New York Mercantile Exchange, Bloomberg reported.

August 15, 2008
Business, Government

N.Y. State Manufacturing Index Shows Growth

Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Friday.

August 15, 2008
Business, Safety, Government

Truck-Related Fatalities Declined Last Year, DOT Says

U.S. road fatalities and truck-related fatalities both declined last year, the Department of Transportation said Thursday.

August 14, 2008
Business, Autonomous

Volvo, Mack to Streamline U.S. Operations

Affiliated truck makers Mack Trucks and Volvo Trucks North America said Thursday they will concentrate each company’s manufacturing operations into a single U.S. location and will move Mack’s headquarters from Allentown, Pa., to Greensboro, N.C.

August 14, 2008
Business

Wal-Mart’s 2Q Earnings Jump 17%; Company Boosts Full-Year Outlook

Retailer Wal-Mart Stores said Thursday its fiscal second-quarter earnings jumped 17% and the company boosted its full-year outlook.

August 14, 2008
Government, Business, Safety, Fuel

Deutsche Post Chief Defends DHL-UPS Air Deal

Deutsche Post Chief Executive Officer Frank Appel defended the company’s DHL unit’s pending deal with UPS Inc. under which DHL Express would contract out its North American air operations to UPS, the Wall Street Journal reported Thursday.

August 14, 2008
Business

Teamsters Reject Carhaul Contract

The Teamsters union said its carhaul members voted to reject a proposed three-year contract with automobile carriers.

August 14, 2008