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

Truck Tonnage Rises to Record High in January

Truck tonnage rose 6.5% in January from the same month last year to a record high reading, American Trucking Associations said.

February 20, 2013
Business

Supreme Court to Hear Oral Arguments in April in ATA’s Appeal in Port of L.A. Case

The U.S. Supreme Court has scheduled oral arguments for April 16 in American Trucking Associations’ appeal over what ATA has called “burdensome” requirements the Port of Los Angeles has put on fleets serving the port.

Eric Miller | Senior Reporter
February 20, 2013
Business

New Century Transportation Names Mark Olszewski President

New Century Transportation said Wednesday it has named Mark Olszewski the company’s new president.

February 20, 2013
Business

Con-way Launches New U.S.-Mexico Intermodal Service

Con-way Truckload and Con-way Multimodal announced they would combine resources for a new U.S.-Mexico intermodal service.

February 20, 2013
Business, Fuel

Diesel Rises 5.3¢ to $4.157 a Gallon; Price Is Highest Since August 2008

Diesel rose 5.3 cents to $4.157 a gallon, its fifth straight increase and the highest price in four-and-a-half years, while gasoline jumped 13.6 cents, the Department of Energy reported.

February 20, 2013
Business

Vitran Reports Fourth-Quarter Loss

Vitran Corp. on Wednesday reported a loss for the fourth quarter and full year, and the company said it would focus on its less-than-truckload operations following its recently announced plan to sell its supply chain business.

February 20, 2013
Business, Equipment

Cummins Revises Down Its 4Q, Full-Year Earnings

Engine maker Cummins Inc. said Wednesday it has revised its previously announced fourth-quarter and full-year 2012 operating results down by $20 million, with net income reduced by $12 million, or 7 cents per share.

February 20, 2013
Business

Housing Starts Decline 8.5% in January

Housing starts fell 8.5% in January, on a drop in construction of multifamily units, the Commerce Department said Wednesday.

February 20, 2013
Business

Producer Price Index Rises for First Time in Four Months

Prices paid to U.S. producers rose 0.2% in January, the first rise in four months, the Labor Department said Wednesday.

February 20, 2013
Business, Technology

iTECH: Cab Cam Keeps an Eye on Safety

In-cab cameras, or dash-cams, aren’t all about roadside arrests or crazy stuff on Russian highways.

February 19, 2013