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.
Mass. Bans Daytime Hazmat Trips Through Boston
Trucks carrying hazardous materials will be banned from traveling through Boston during most of the daytime under a policy approved by Massachusetts state officials last week, the Boston Globe reported.
Diesel Drops 5.3¢ to Near $4 a Gallon, in Biggest Decline This Year
Diesel took its biggest decline in five months, falling 5.3 cents to $4.004 a gallon, and gasoline fell for a sixth week, the Department of Energy reported.
May 15, 2012Contrans’ 1Q Income Improves
Canadian carrier Contrans Group’s first-quarter profit rose, in part on acquisitions, the company said.
May 15, 2012Clarke Swings to 1Q Profit
Canadian holding company Clarke Inc. posted a first-quarter profit, turning around a loss from a year ago.
May 15, 2012Business Inventories Rise at Slower Pace
Business inventories rose 0.3% in March, the slowest pace in four months, the Commerce Department reported.
May 15, 2012Retail Sales Rise 0.1% in April
Retail sales rose 0.1% in April, the slowest pace this year, the Commerce Department said Tuesday.
May 15, 2012Ryder to Provide Two Services for ColdTech
Truck leasing and logistics company Ryder System has been awarded a contract to provide distribution and last-mile delivery.
May 14, 2012Electric Class 8 Truck Offered for Short Hauls
Balqon Corp., which makes electric-powered heavy-duty trucks, has introduced a new Class 8 tractor for inner city and shorthaul drayage service.
May 14, 2012Schneider, Pacer Sign New Rail Agreements
Schneider National and Pacer International have announced new intermodal agreements with rail carriers.
May 14, 2012Cummins to Purchase Hilite’s Emissions-Control Business
Truck engine and components maker Cummins Inc. said it has signed an agreement to acquire Hilite International’s emissions-control business. Terms were not disclosed.
May 14, 2012