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 Tops $98 a Barrel in Early Trading
Oil rose to more than $98 a barrel in early trading Wednesday, a day after closing over $97 for just the second time in the past four months, Bloomberg reported.
September 12, 2012ATA Hits Texas Toll Road’s Planned 85-mph Speed Limit
American Trucking Associations is urging Texas to reverse its decision to allow cars and trucks to travel up to 85 mph on a soon-to-open toll road between Austin and San Antonio.
Detroit-Windsor Bridge Issue on Michigan’s November Ballot
Michigan’s Board of State Canvassers has certified a November ballot measure that, if approved, would require a statewide affirmative vote before a new bridge can be built between Detroit and Windsor, Ontario.
Busy Maryland Rest Area to Close This Weekend
A Maryland rest stop on Interstate 95 north of Baltimore — believed to be the nation’s busiest — will close this weekend for more than a year of renovations, as part of a half-billion dollar public-private partnership, news reports said.
September 11, 2012U.S. Trade Deficit Grows in July
The U.S. trade deficit grew by 0.2% in July, the Commerce Department said Tuesday.
September 11, 2012Diesel Rises a Half-Cent to $4.132
Diesel rose 0.5 cent to $4.132 a gallon, its 10th straight increase, while gasoline also continued to rise, the Department of Energy reported in its weekly survey.
September 11, 2012Natso Rejects Antitrust Litigation Settlement
Natso, the truck stop operator association, has rejected a proposed settlement of an antitrust lawsuit alleging that Visa, MasterCard and national banks colluded to set artificially high swipe fees, the association said Monday.
September 10, 2012Volvo Trucks Names New North American President
Göran Nyberg has been appointed president of Volvo Trucks, North American sales and marketing, effective Oct. 1.
September 10, 2012Gasoline Gains 7.85¢ in Two Weeks to $3.84 a Gallon, Lundberg Survey Reports
Gasoline rose 7.85 cents in the past two weeks to $3.84 a gallon, analyst Trilby Lundberg reported in the latest Lundberg Survey of filling stations released Sunday.
September 10, 2012Icahn Urges Navistar Board to Let Shareholders Appoint Board Members
Carl Icahn, billionaire investor, is asking Navistar International to let shareholders appoint at least four board members, so that stockholders can have more of a say in the decision-making process, the Associated Press reported.
September 10, 2012