Trucking 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.
February ISM Manufacturing Index Moves to Positive Territory
The Institute for Supply Management’s manufacturing index for February rose to positive territory from January’s contraction, ISM said Thursday.
March 1, 2007Construction Spending Drops 0.8% in January
U.S. construction spending fell 0.8% January, the Commerce Department said Thursday.
March 1, 2007Initial Jobless Claims Jump to 14-Month High
Initial jobless claims rose 7,000 to a 14-month high, the Labor Department said Thursday.
March 1, 2007Personal Spending Rises 0.5%, Commerce Dept. Reports
Consumer personal spending rose 0.5% in January, and incomes rose 1%, boosted by bonus payments, the Commerce Department said Thursday.
March 1, 2007UPS Says Almost 200 Employees Take Voluntary Buyout Package
UPS Inc. said Wednesday that almost 200 of its employees accepted a voluntary early-retirement buyout package that will cost the company about $80 million.
February 28, 2007Celadon Buys Virginia Trucking Company Warrior Xpress
Truckload carrier Celadon Group said Wednesday that one of its subsidiaries purchased the truckload business and tractors and trailers of Warrior Xpress for about $8.3 million.
February 28, 2007EGL’s Fourth-Quarter Income Falls
Transportation and logistics firm EGL Inc. said its fourth-quarter income fell to $10.9 million or 27 cents a share, from $19.1 million or 47 cents in the previous fourth quarter.
February 28, 2007February Chicago Manufacturing Index Falls
A gauge of Chicago manufacturing activity fell in February, the National Association of Purchasing Management-Chicago said Wednesday.
February 28, 2007Editorial: Testing Longer, Heavier Trucks
The new chairman of the pivotal House Transportation and Infrastructure Committee, Rep. James Oberstar, said he would support a pilot program to test the effects that raising truck size and weight limits would have on the nation’s highways.
February 28, 2007New 91ÊÓƵ Sales Plunge 16.6% in Biggest Drop Since ’94
New home sales fell in January by 16.6%, the biggest drop since 1994, the Commerce Department said Wednesday.
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