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, Fuel

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, 2013
Government, Business

DOT 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, 2013
Business, Equipment

Michelin 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, 2013
Business, Logistics

Consumer Confidence Declines

Consumer confidence fell in January, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

January 18, 2013
Business

Combined Transport Buys Blackwell

Combined Transport Inc. announced the acquisition of Blackwell Consolidation LLC’s operations to expand refrigerated, intermodal and tanker service.

January 18, 2013
Business

Meritor 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, 2013
Business, Equipment

Dana, American Axle Preview 2012 Revenue

Two trucking industry component suppliers disclosed their preliminary 2012 results this week.

January 18, 2013
Business

SoCal 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, 2013
Business, Logistics

Intermodal 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, 2013
Business, Fuel

Oil 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