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.
Class 8 Engine Sales Dive 21%
Class 8 engine installations in North America plummeted during the first half of 2013, dropping 21.2% to 119,057, WardsAuto.com reported.
August 12, 2013Domestic Intermodal Up 9%, Fueled by East Coast Growth
A 9% surge in domestic container shipping, fueled by growth in the eastern United States, led to 2.4% overall growth in intermodal shipping during the second quarter, according to a new report.
August 12, 2013Bill Would Ban Double-Decker Trailers for Interstate Transportation of Horses
Legislation introduced in the U.S. Senate last week would make illegal the interstate transportation of horses in double-decker trailers.
August 12, 2013Diesel Average Dips 0.6¢ to $3.909; First Price Decline in Five Weeks
U.S. retail diesel prices declined for the first time in five weeks, as the national average price dipped 0.6 cent to $3.909 a gallon, according to the Department of Energy.
August 12, 2013Navistar Plans to Cut Jobs
Navistar International Corp. plans to cut “a few hundred” jobs by early September in a move to reduce costs.
August 9, 2013Arkansas Best Swings to 2Q Profit
Arkansas Best Corp. posted a second-quarter profit following a first-quarter loss, although net income was lower than the same period last year.
August 9, 2013Court Rejects Bid to Merge Pilot Flying J Suits
A panel of federal judges has denied a motion to consolidate a dozen federal fuel-price fraud lawsuits against Pilot Flying J truck stops.
Wholesale Inventories Decline in June
Wholesale inventories fell 0.2% in June, after a decline the prior month, the Commerce Department reported Friday.
August 9, 2013Intermodal Traffic Rises for Week, Posts Record Weekly Average in July
U.S. rail intermodal traffic rose 4.8% for the week ended Saturday from the same week a year ago and posted the highest weekly average for any July on record, the Association of American Railroads said.
August 9, 2013Clean Energy Posts 2Q Loss; Revenue, Natural-Gas Deliveries Increase
Clean Energy Fuels Corp. reported a second-quarter loss but its revenue rose 26% while natural-gas deliveries increased 8%.
August 9, 2013