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.
Producer Price Index Falls 0.8%
Prices paid to U.S. producers fell 0.8% in November, the Labor Department said Thursday.
December 13, 2012Initial Jobless Claims Fall to Nine-Week Low
Initial jobless claims fell by 29,000 last week to the lowest level since Oct. 6, the Labor Department said Thursday.
December 13, 2012DOT Freight Transportation Index Slips 1.8%
The Department of Transportation’s freight transportation services index declined 1.8% in October from the same month last year, DOT said.
December 12, 2012Mack, Volvo 2014 Trucks Receive Greenhouse-Gas Certification from EPA
Mack Trucks and Volvo Trucks said Wednesday their 2014 model-year trucks have been certified by the U.S. Environmental Protection Agency and the National Highway Traffic Safety Administration in accordance with 2014 fuel-efficiency and greenhouse-gas regulations.
December 12, 2012Michigan Passes ‘Right-to-Work’ Law
Michigan has become the 24th state to pass a so-called “right-to-work” law, with Gov. Rick Snyder (R) signing the measure on Tuesday, the Associated Press reported.
December 12, 2012I-77 Reopened in W.Va. Following Nat-Gas Explosion
Interstate 77 north of Charleston, W.Va., was reopened Wednesday morning following a huge natural-gas explosion on Tuesday afternoon, the Charleston Gazette reported.
December 12, 2012Import Prices Drop for First Time in Four Months
The price of goods imported to the United States fell in November for the first time in four months, the Labor Department said Wednesday.
December 12, 2012Cummins Sets $1 Billion Stock Repurchase
Cummins Inc. said it will repurchase up to $1 billion in shares of its common stock.
December 12, 2012Diesel Price to Decline Next Year, DOE Says
Diesel fuel, which will average just over $4 a gallon in the current quarter, will decline to a $3.84 average at the pump next year, the Department of Energy said Tuesday.
December 11, 2012Driver Turnover Dips but Remains Over 100% in Third Quarter, ATA Says
The driver turnover rate at large truckload carriers dipped 2% in the third quarter but held over 100%, while churn at smaller carriers rose to a five-year high, American Trucking Associations said Tuesday.
December 11, 2012