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.
Diesel to Hold Over $4 Into Next Year, DOE Energy Outlook Says
Diesel will average $4.21 a gallon this summer and $3.94 a gallon this year, while holding over $4 into 2013, the Department of Energy said Tuesday.
April 10, 2012Mexican Border Crossings Rose 2.6% Last Year, DOT Says
The number of trucks that crossed into the United States from Mexico and Canada rose 1.7% last year from 2010, with the Mexican border seeing a larger increase, the Department of Transportation said.
April 10, 2012Diesel Resumes Rise, Up 0.6¢ to $4.148; Gasoline Dips 0.2¢ to $3.939
Diesel resumed its upward trend following a one-week respite, gaining 0.6-cent to $4.148 a gallon, the highest price since the record-setting summer of 2008, the Department of Energy said.
April 10, 2012Wholesale Inventories Rise More Than Forecast
Wholesale inventories rose 0.9% in February, the Commerce Department said Tuesday.
April 10, 2012Railroad Crossing Rule Still Being Considered
While the notion that trucks should not stop on a railroad track seems to make a lot of sense, federal regulars have yet to finalize a proposed federal railroad grade crossing rule that they say would save lives.
New Minn. Law Grants Liability Protection to Truckers
Minnesota has become the second state this year to pass a law that says shippers cannot include provisions in their contracts that make truckers liable for any accident, regardless of who is at fault.
April 10, 2012NY/NJ Port Authority Considers Trucking Discounts for Hudson Crossings
The Port Authority of New York and New Jersey is considering a discount toll plan for truckers crossing the Hudson River, although the discount would only be for carriers that have made at least 100 off-peak trips during an E-ZPass billing cycle.
Entrec Acquires Singer Companies
Canadian carrier Entrec Transportation Services on Monday said it has purchased the Singer Specialized Group of Companies for C$15.3 million in stock and cash, minus the value of long-term debt.
April 9, 2012Gasoline Rises 4¢ to $3.97 a Gallon, Lundberg Says
Gasoline rose 4 cents in the past two weeks to $3.97 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 9, 2012iTECH: Data Capacity Expansion
Truck makers and technology companies are working to expand onboard vehicle electronics’ capacity to handle the many sensors, components and computers pushing current infrastructure to its limit.
April 9, 2012