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.
U.S. Oil Production Reaches 24-Year High
Crude oil production in the United States rose last week to the highest level since May 1989, the Department of Energy said.
September 11, 2013DOT Freight Transportation Index Rises 2.4%
The Department of Transportation’s freight transportation services index rose 2.4% in July from the same month last year, DOT said Sept. 11.
September 11, 2013Train in Quebec Crash Was Improperly Labeled for Oil Shipment, Investigators Say
A train carrying crude oil that crashed in Quebec in July and killed 47 people was mislabeled as carrying a less dangerous substance, Canadian investigators said.
September 11, 2013Wholesale Inventories Rise in July
Wholesale inventories rose 0.1% in July after a decline the prior month, the Commerce Department reported Wednesday.
September 11, 2013Biden, Foxx Tout TIGER Grant at Port of Baltimore
Vice President Joe Biden and Transportation Secretary Anthony Foxx visited the Port of Baltimore to speak about a $10 million grant the Department of Transportation has awarded the port for projects that Foxx said “are the best argument for increased investments in transportation.”
September 11, 2013PeopleNet Offers ‘Panic’ Button Key Fob
PeopleNet Communications Corp. said it is working with security technology firm SafeKey Corp. to provide a location-aware key fob that truck drivers can use to send “panic” signals through PeopleNet’s system.
September 11, 2013Thermo King Integrates Telematics With iSeries
Refrigeration-unit maker Thermo King said it has integrated its telematics system into the iSeries transportation management software for truckload fleets from Add On Systems Inc.
September 11, 2013Oil Rises From Two-Week Low
Oil rose from its lowest level in two weeks Sept. 11, on speculation that a U.S. attack on Syria may threaten Middle Eastern oil exports even after President Obama decided to delay military strikes, Bloomberg News reported.
September 11, 2013Diesel to Average $3.96 This Year, DOE Says
Diesel fuel will average $3.96 a gallon this year, below its current pump price, the Department of Energy said Sept. 10.
September 10, 2013Permanent I-5 Span in Washington to be Completed Sept. 14
Crews in Washington state are planning to move a new span of the Interstate 5 Skagit River bridge into place on the night of Sept. 14, the Washington State Department of Transportation said.
September 10, 2013