Business

About Business News...

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.

Government, Business, Safety

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, 2012
Business, Fuel

Diesel 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, 2012
Business

ATA 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, 2012
Business

Postal 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, 2012
Business

Import 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, 2012
Business, Safety

Intermodal 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, 2012
Business

FMCSA 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, 2012
Business

Wholesale Inventories Drop in June

Wholesale inventories dropped 0.2% in June as sales decreased, the Commerce Department said Thursday.

August 9, 2012
Government, Business

L.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, 2012
Business, Logistics

Cardinal 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