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 Average Rises 2.1¢
U.S. retail diesel prices rose last week for the first time in nearly three months, with the national average creeping up 2.1 cents to $3.866, even as crude prices are dropping and petroleum product inventories are bulging.
May 20, 2013Obama Signs Order to Boost Infrastructure Projects
President Obama signed an executive order that will shave months, or even years, off the time it takes to review and approve major infrastructure projects.
May 17, 2013Haslam Says He Was Not Aware of Fleet Fuel Rebate Scheme
INDIANAPOLIS — Pilot Flying J CEO Jimmy Haslam said he was “absolutely not aware” of any alleged scheme by employees to underpay customers of a fuel rebate program that is now the subject of a federal criminal investigation.
Volvo’s North American Truck Deliveries Slip 10% in April
Volvo AB said Friday its North American truck deliveries fell 10% in April from a year ago.
May 17, 2013Maryland Gov. Signs Gas Tax Bill
Maryland Gov. Martin O’Malley (D) signed into law the state’s first gas tax increase in 20 years and announced $1.2 billion in transportation projects, the Associated Press reported.
May 17, 2013Deutsche Post’s Quarterly Profit Declines
Deutsche Post AG, Europe’s largest package express carrier, said its first-quarter net income fell 5.9% to $648 million, Bloomberg News reported.
May 17, 2013Intermodal Traffic Rises 3.9% for Week
U.S. rail intermodal traffic rose 3.9% last week from the same week a year ago to 248,266 units, the Association of American Railroads reported.
May 17, 2013Leading Indicators Rise in April
An index of leading economic indicators rose in April from a decline the prior month, the New York-based Conference Board said Friday.
May 17, 2013Letter to the Editor: Boston and America
The Boston Marathon bombing showed American courage and spirit as exemplified by the marathon runners, spectators and the first responders, who, rather than running away from the bombing scene, ran directly into it to help the injured.
May 17, 2013N.C. House Votes Unanimously to Ban I-95 Tolls
The North Carolina House voted unanimously to ban tolls on any existing interstate highway, which would end the state’s plan to toll Interstate 95.