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.
Hazmat Haulers Face Larger Penalties Following Passage of New Highway Law
Motor carriers and shippers cited for hazardous materials violations face far greater penalties following the passage of the new federal highway reauthorization law.
August 13, 2012Diesel Gains 5.4¢ to $3.85
U.S. retail diesel prices rose 5.4 cents last week to $3.85 a gallon, while gasoline soared 13.7 cents, the Department of Energy reported, after a pipeline leak in Wisconsin raised fears of a crude oil shortage.
August 13, 2012ATA Urges Movement on Electronic Logging Mandate
American Trucking Associations urged the Department of Transportation to start conducting a rulemaking to mandate electronic logging devices, in a letter sent to Secretary of Transportation Ray LaHood, Wednesday.
August 10, 2012Postal Service Reports $5.2 Billion Loss
The U.S. Postal Service reported a $5.2 billion loss in its third fiscal quarter, compared to a $3.1 billion loss in the same quarter last year.
August 10, 2012Import Prices Fall for Fourth Month
The price of goods imported to the United States fell in July for a fourth consecutive month, the Labor Department reported Friday.
August 10, 2012Intermodal Traffic Rises 3.3% for Week
U.S. intermodal traffic rose 3.3% last week from a year ago, the Association of American Railroads reported.
August 10, 2012FMCSA Taking Comments on Mexican Carrier Seeking Cross-Border Approval
The Federal Motor Carrier Safety Administration is seeking comment on the latest Mexican carrier seeking to participate in the cross-border trucking program.
August 9, 2012Wholesale Inventories Drop in June
Wholesale inventories dropped 0.2% in June as sales decreased, the Commerce Department said Thursday.
August 9, 2012L.A. Container Shipping Grows
Container shipping at the Port of Los Angeles grew by 8.75% in June, faster than the first-half average, the port authority said Wednesday.
August 9, 2012Cardinal Logistics Sold to Centerbridge
Third party logistics company, Cardinal Logistics Management Inc., has been sold to New York private equity firm Centerbridge Partners LP.
August 9, 2012