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.
Oil Falls to Five-Year Low $65.84 a Barrel
Oil fell almost $1 to a five-year low $65.84 a barrel Dec. 5, as Saudi Arabia offered its oil customers in Asia the biggest discount on record, signaling it will defend its market share.
December 5, 2014Navistar Offers ProStar Fuel-Efficiency Package
Navistar Inc. has announced a new fuel-efficiency package for its International ProStar model, marking the latest enhancement to the company’s lineup.
December 5, 2014J.B. Hunt Pledges to Hire 10,000 Veterans
J.B. Hunt Transport Services has launched an initiative to hire 10,000 U.S. military veterans by 2020.
December 5, 2014Intermodal Rail Traffic Rises in November
Intermodal rail volume for November rose 2.7%, and the weekly average volume was the highest level on record for the month, the Association of American Railroads reported.
December 5, 2014Trucking Adds 3,000 Jobs in November as Unemployment Rate Holds at Six-Year Low
The trucking industry added 3,000 jobs in November, and the unemployment rate was unchanged at 5.8%, the lowest level in six years, the Labor Department reported Dec. 5.
December 5, 2014Trade Gap Little Changed as Imports, Exports Increase
The trade deficit was little changed in October as an improving U.S. economy caused imports to climb to a record while exports also rose.
December 5, 2014Why Oklahoma City Gets $2 Gasoline Before Rest of US
Of all the filling stations in all the United States, $2 gasoline showed up at Oklahoma City’s first. Why?
Clint Wheeler Dies at 48
Clint Wheeler, top assistant to former American Trucking Associations President Thomas Donohue, died on Nov. 16 after a battle with liver cancer. He was 48.
UTi Halts Sale Talks After Stock Surges
UTi Worldwide Inc. and DSV A/S have ended talks after news of DSV’s potential acquisition sent UTi’s shares surging.
December 4, 2014Teamsters Cancels Another FedEx Freight Vote
FedEx Freight said the Teamsters for the fourth time in five weeks has withdrawn a representation election petition as the unionization battle between the two sides continues.
December 4, 2014