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.
Maine Truckers Facing Higher Turnpike Tolls
Truckers on the Maine Turnpike, which includes a stretch of Interstate 95, will pay up to 40% more in tolls beginning in November.
XPO Reports 2Q Loss, Buys Ontario Logistics Firm
XPO Logistics reported a second-quarter loss and said it had acquired Canada-based Kelron Logistics for $8 million.
August 7, 2012TravelCenters’ 2Q Income Rises
TravelCenters of America said Tuesday its second-quarter net income rose from a year ago.
August 7, 2012Diesel Rises for Fifth Week, Up 5.4¢ to $3.85; Gasoline Jumps 13.7¢ to $3.645 a Gallon
Diesel rose 5.4 cents to $3.85 a gallon, its fifth straight gain, while gasoline jumped 13.7 cents to $3.645, its biggest upturn in 17 months, the Department of Energy reported.
August 7, 2012Quality’s Second-Quarter Income Improves
Tank truck carrier Quality Distribution said its second-quarter profit jumped on acquisitions and growth in its energy logistics business.
August 7, 2012Ryder Buys U.K.-Based Truck Leasing Company
Ryder System said it has acquired U.K.-based truck leasing company Euroway Group Ltd.
August 6, 2012Roadrunner Buys Two Refrigerated Carriers
Roadrunner Transportation Systems said it has acquired two Nebraska-based truckload carriers for about $24 million.
August 6, 2012UPS Deploys Wearable Scanner System
UPS Inc. said it has deployed a new type of “wearable” scanning system that speeds up loading of packages and delivery of shipping data to customers.
August 6, 2012Xata Posts 3Q Loss, Integrates Turnpike Product With TMW
Xata Corp. said its third-quarter loss widened and that it has integrated its Xata Turnpike product with transportation management software from TMW Systems.
August 6, 2012DEF Price Fell 28¢ in July, Report Says
The average U.S. pump price of diesel exhaust fluid fell in July to the lowest level on record, according to Integer Research.
August 6, 2012