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 Prices Jump 8.2ยข to $4.104 a Gallon
Retail fuel prices spiked again last week, with diesel rising 8.2 cents to $4.104 a gallon, the Department of Energy reported.
February 18, 2013Oil Declines to End Week Below $96 a Barrel
Oil fell $1.45 on Friday to finish the trading week below $96 a barrel, after holding above $97 the previous four days, Bloomberg News reported.
February 15, 2013Va. Lawmakers Reach Tentative Deal on Transportation Funding
Virginia House and Senate negotiators agreed to a compromise transportation plan Wednesday that would eliminate the per-gallon tax on diesel and gasoline, replacing both with wholesale taxes paid by fuel distributors, the Richmond (Va.) Times-Dispatch reported.
UPS Boosts Dividend, Sets Reverse Logistics Deal
UPS Inc. said its board approved an 8.8% dividend increase, and separately said it will provide reverse logistics services in an arrangement with Jabil Circuit Inc.
February 15, 2013Volvo Trucks Names Jost International Its Standard Supplier of Fifth Wheels
Volvo Trucks said that fifth wheel coupling devices from Jost International will now be standard equipment on Volvo VN and VHD tractors manufactured at its Dublin, Va., plant, which assembles all Volvo trucks sold in North America.
February 15, 2013Consumer Confidence Rises in February
Consumer confidence rose in February, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 15, 2013Industrial Production Falls 0.1%
Industrial production fell 0.1% in January, the Federal Reserve said Friday.
February 15, 2013New York Manufacturing Index Expands for First Time Since August
Manufacturing activity in the New York region expanded in February for the first time since August, the Federal Reserve Bank of New York said Friday.
February 15, 2013Multi Group Logistics to Lease 250 Vans From Xtra Lease
Chicago-based Multi Group Logistics completed a deal to lease 250 dry-van trailers from Xtra Lease, the lessor said.
February 15, 2013Intermodal Traffic Rises 7.7% for Week
U.S. rail intermodal traffic rose 7.7% last week over the same week a year ago, the Association of American Railroads said.
February 15, 2013