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 Slide 1.7¢ to $3.894, 12th Decline in Previous 13 Weeks
U.S. diesel prices continued to drift downward last week, declining 1.7 cents to $3.894, the first time since early August it has been below $3.90, the Department of Energy reported.
January 21, 2013DOT Updates National Transportation Statistics Data
The Department of Transportation has updated its national transportation statistics web-only reference guide to national transportation data.
January 18, 2013Michelin Plans Expansion at Nova Scotia Truck Tire Plant
Michelin North America announced a C$73 million expansion to its truck tire plant in Waterville, Nova Scotia.
January 18, 2013Consumer Confidence Declines
Consumer confidence fell in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
January 18, 2013Combined Transport Buys Blackwell
Combined Transport Inc. announced the acquisition of Blackwell Consolidation LLC’s operations to expand refrigerated, intermodal and tanker service.
January 18, 2013Meritor Wabco Named Supplier for Daimler Trucks North America
Truck component maker Meritor Wabco said it has been selected the exclusive supplier of standard-position, steer-axle service brake chambers for Daimler Trucks North America.
January 18, 2013Dana, American Axle Preview 2012 Revenue
Two trucking industry component suppliers disclosed their preliminary 2012 results this week.
January 18, 2013SoCal Ports’ Cargo Falls; Port of L.A. Breaks Ground on New Rail Yard
Total cargo shipments through Southern California ports fell 1% last month, reflecting 9.8% higher volume at Long Beach and a 9.4% decline at Los Angeles.
January 18, 2013Intermodal Traffic Rises 10.4% for Week
U.S. rail intermodal traffic rose 10.4% last week over the same week a year ago, the Association of American Railroads said.
January 18, 2013Oil Ends Week at Four-Month High Over $95
Oil finished the week at a four-month high over $95 a barrel, capping the longest stretch of weekly increases in more than a year, Bloomberg News reported.
January 18, 2013