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 Declines 1.7¢ to $3.894 a Gallon
Diesel dipped 1.7 cents to $3.894 a gallon, the seventh straight decline, the Department of Energy said in its weekly survey.
January 15, 2013Producer Price Index Falls 0.2% in December
Prices paid to U.S. producers fell 0.2% in December, the Labor Department said Tuesday.
January 15, 2013New York Manufacturing Index Contracts for Sixth Month
Manufacturing activity in the New York region contracted in January for a sixth straight month, the Federal Reserve Bank of New York said Tuesday.
January 15, 2013Roadrunner to Expand Philadelphia LTL Terminal
Roadrunner Transportation Systems said it will expand less-than-truckload outbound service at its Philadelphia terminal, which opened last year.
January 15, 2013BTS Releases Pocket Guide to Transportation
The U.S. Bureau of Transportation Statistics said it has released its 2013 Pocket Guide to Transportation.
January 15, 2013UPS Ends Bid to Buy TNT Express
UPS Inc. has abandoned its $6.8 billion bid to buy European package carrier TNT Express NV after European regulators moved to block the deal, Bloomberg News reported Monday.
January 14, 2013Livingston International Acquires MBLX Inc.
Livingston International said Monday it has acquired barge freight handling and forwarding company MBLX Inc. Terms were not disclosed.
January 14, 2013Supreme Court Agrees to Hear ATA Appeal in L.A. Port Case
The U.S. Supreme Court has agreed to hear an appeal from American Trucking Associations in ATA’s lawsuit over what it calls “burdensome” requirements the Port of Los Angeles has put on fleets serving the port, the court said.
Retail Imports to Rise 2.3% in January, NRF Says
Import cargo volume at major U.S. ports will increase 2.3% this month from a year ago as retailers continue to urge labor and management to avoid a strike at East Coast and Gulf Coast ports, according to a report by the National Retail Federation.
January 14, 2013About 1 Million Natural-Gas Trucks and Buses to be Sold by 2019, Report Says
More than 930,000 medium- and heavy-duty natural gas-powered trucks and buses are expected to be sold worldwide by 2019, according to a new report.
January 14, 2013