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.
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, 2013Supreme 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.
New Century Transportation Names Mark Olszewski President
New Century Transportation said Wednesday it has named Mark Olszewski the company’s new president.
February 20, 2013Con-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, 2013Diesel 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, 2013Vitran 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, 2013Cummins 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, 2013Housing 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, 2013Producer 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, 2013iTECH: 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