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.
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, 2013U.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, 2013Court 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.
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, 2013Oil 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, 2013Americans 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.
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, 2013ISM 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, 2013New 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, 2013C.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