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, Fuel

Diesel Rises 6.8¢ to Five-Month High $3.981; Gasoline Gains 5.6¢ to $3.608 a Gallon

Diesel took its biggest increase since February, rising 6.8 cents to a five-month high $3.981 a gallon, the Department of Energy reported.

September 4, 2013
Business, Fuel, Government

U.S. Trade Deficit Widens in July

The U.S. trade deficit increased 13.3% in July from an almost four-year low, the Commerce Department reported.

September 4, 2013
Business

Court Rules Against ABF in Contract Suit Against YRC, Teamsters

ABF Freight System unit lost another round in its court action against the Teamsters union and YRC Worldwide over a national freight contract.

Rip Watson | Special to Transport Topics
September 3, 2013
Business

Construction Spending Rises to Four-Year High

Construction spending rose to a four-year high in July, the Commerce Department reported Sept. 3.

September 3, 2013
Business, Fuel

Oil Closes Over $108 a Barrel

Oil finished trading at $108.54 a barrel Sept. 3, rising 89 cents as President Obama seeks support for a military strike on Syria, Bloomberg News reported.

September 3, 2013
Government, Business

Americans Are Driving Less, Report Says

The distance Americans drove annually fell between 2004 and 2012, a fact that should affect the way policymakers allocate money for transportation, the U.S. Public Interest Research Group Education Fund said.

Michele Fuetsch | Staff Reporter
September 3, 2013
Government, Business

House Members Push Foxx to Finish Study on Restart Changes

A bipartisan group of 51 House members sent a letter to Transportation Secretary Anthony Foxx, criticizing the latest changes to the 34-hour restart provision of the hours-of-service rule for truck drivers and asking for a timeline for the completion of a study of those changes, the lawmakers said Sept. 3.

September 3, 2013
Business

ISM Manufacturing Index Rises in August

U.S. manufacturing activity’s rate of expansion rose in August, the Institute for Supply Management said Tuesday.

September 3, 2013
Business

New S.F. Bay Bridge Span Opens

A $6.4 billion replacement of the eastern span of the San Francisco–Oakland Bay Bridge opened late at night Sept. 2, the California Department of Transportation said.

September 3, 2013
Business

C.R. England Cuts 81 Non-Driver Jobs

Refrigerated truckload carrier C.R. England laid off 81 workers, the Deseret News reported Aug. 31.

September 3, 2013