FedEx Corp.’s fiscal second-quarter profit nearly doubled, boosted by higher holiday-season sales, and the company said it will purchase 27 new jets for its FedEx Express service in the next few years.
December 15, 2011Trucking 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.
Rush Acquires West Texas Peterbilt
Rush Enterprises said it has acquired West Texas Peterbilt, a dealership with five locations in Texas, for $25 million.
December 15, 2011Senate Committee Advances Freight Policy Measure
A Senate panel approved measures that would create the nation’s first freight policy act, under which investment would be targeted to freight projects that increase economic competitiveness, improve mobility and promote energy conservation.
, December 15, 2011Philadelphia Manufacturing Index Rises
Manufacturing activity in the Philadelphia region increased in December, the Federal Reserve Bank of Philadelphia said Thursday.
December 15, 2011Industrial Production Declines in November
Industrial production slipped 0.2% in November, the first decline in seven months, the Federal Reserve said Thursday.
December 15, 2011Producer Price Index Rises in November
Prices paid to U.S. producers rose 0.3% in November, led by a 1% increase in food expenses, the Labor Department said Thursday.
December 15, 2011New York Manufacturing Index Jumps
Manufacturing activity in the New York region expanded in December to the highest level in seven months, the Federal Reserve Bank of New York said Thursday.
December 15, 2011Jobless Claims Drop to Three-Year Low
Initial jobless claims dropped by 19,000 last week to 366,000, the lowest level since May 2008, the Labor Department said Thursday.
December 15, 2011Broker Complaints, Pressure on PHMSA Mount as Agency Delays Hazmat Data
The Pipeline and Hazardous Materials Safety Administration said it won’t make current hazardous materials motor carrier information available to the public until 2013, despite brokers’ complaints that its data are rife with errors and aren’t updated fast enough.
December 15, 2011Parcel Carriers See Increased Business From Web-Based Holiday Season Shopping
For parcel carriers, the reported surge of online shopping has been a boon for their businesses, companies said.
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