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.
Driving Ban for Alcoholism Violates Law, Judge Rules
A federal judge ruled that Old Dominion Freight Line’s policy of never allowing a truck driver back behind the wheel after treatment for alcoholism is a violation of the Americans with Disabilities Act.
July 8, 2013Diesel Continues to Slide
U.S. retail diesel prices hit their lowest level in more than 11 months last week as the national average dipped 2.1 cents to $3.817 a gallon, according to data from the Department of Energy.
July 8, 2013Weekly Intermodal Traffic Slips 1.5%
Weekly intermodal volume declined by 1.5% for the week ended Saturday from a year ago but rose 3.6% for the first half of the year, the Association of American Railroads reported.
July 3, 2013Trade Deficit Jumps on Higher Imports
The U.S. trade deficit jumped 12.1% to a six-month high in May, led by higher imports, the Commerce Department reported Wednesday.
July 3, 2013Cass Freight Index Declines in June
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 1.5% in June from a year ago.
July 3, 2013Initial Jobless Claims Fall by 5,000 for Week
Initial jobless claims fell by 5,000 last week, the Labor Department reported Wednesday.
July 3, 2013Kool Pak Creates Logistics Subsidiary
Temperature-controlled, less-than-truckload carrier Kool Pak said it has created a logistics subsidiary.
July 3, 2013Oil Rises to More Than $100 a Barrel
Oil rose more than $1 to finish the trading day Wednesday over $100 a barrel, the highest closing price in 14 months, Bloomberg News reported.
July 3, 2013U.S. Auto Sales Jump in June
U.S. automobile sales rose at an annualized rate of 15.96 million in June, the fastest monthly pace since December 2007, the Associated Press reported.
July 2, 2013Machinists, Painters Strike Western Star Plant in Oregon
Members of machinists and painters unions began picketing the Western Star manufacturing plant in Portland, Ore., on Monday after employees voted to reject a proposed three-year contract that had been recommended by management and union leadership.