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.
Oil Falls to One-Week Low Under $86
Oil fell to less than $86 a barrel, its lowest level in a week, on concerns over whether U.S. lawmakers will reach a budget-deficit deal, Bloomberg reported.
November 28, 2012New Home Sales Fall 0.3%
New home sales fell 0.3% in October, the Commerce Department said Wednesday.
November 28, 2012NAFTA Surface Trade Falls for First Time Since 2009
Surface trade among the United States, Canada and Mexico fell 0.1% in September from the same month last year, the first decrease since November 2009, the Department of Transportation reported.
November 27, 2012Appeals Court to Rule on California Meal-Break Law
A trio of California Penske driver-installers has asked a federal appeals court to overturn a lower federal court ruling that exempts motor carriers from compliance with the state’s meal- and rest-break requirements.
NatGas Summit’s Opening Reception Set for Wednesday Evening
American Trucking Associations’ welcome reception to the Summit on Natural Gas in Trucking is set for Wednesday from 5:30 to 7 p.m.
November 27, 2012Governors to Present Transportation Funding Plans
Four governors are preparing transportation funding plans to present to their legislatures early next year, and at least two governors are not ruling out higher fuel taxes.
Consumer Confidence Rises to Four-Year High
Consumer confidence rose to a four-year high in November, the New York-based Conference Board said Tuesday.
November 27, 2012Diesel Rises 5.8¢ to $4.034 a Gallon; Gasoline Gains for First Time in Seven Weeks
Diesel rose 5.8 cents to $4.034 a gallon — its first gain in six weeks — while gasoline rose for the first time in seven weeks, the Department of Energy reported.
November 27, 2012Durable Goods Orders Flat in October
Durable goods orders were little changed in October, the Commerce Department said Tuesday.
November 27, 2012APL Logistics Acquires Carmichael International
APL Logistics said it has acquired U.S. Customs brokerage firm Carmichael International Service. No terms were disclosed.
November 27, 2012