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 Rises 0.6¢ to $3.856; Gasoline Gains 4.8¢ to $3.482
Diesel rose 0.6 cent to $3.856 a gallon, its fourth increase in the past five weeks, while gasoline continued to climb at a faster rate, the Department of Energy said Monday.
February 7, 2012Paccar Recalls Some Kenworth, Peterbilt Trucks Over Brake Issue
Truck maker Paccar Inc. has recalled some 2012-2013 model year Kenworth and Peterbilt trucks equipped with Bendix brake components that may leak, Bloomberg reported, citing a federal regulatory agency.
February 6, 2012Volvo’s 4Q Profit Rises; Sees Continued Strength in North American Truck Market
Volvo AB held estimates for North American and European truck markets this year as sales growth helped boost its fourth-quarter operating profit 26%, Bloomberg reported.
February 6, 2012Gasoline Prices Seen Rising Higher by May
Gasoline prices could jump by 60 cents or more by May, USA Today reported Monday, citing fuel analysts.
February 6, 2012Five Manufacturers on Track to Meet SuperTruck Goals
WASHINGTON — Five manufacturers are on their way toward meeting the Department of Energy’s goal of increasing a truck’s efficiency by 50% under the agency’s SuperTruck program, a DOE official said.
February 6, 2012Intermodal Volume Rises for Quarter, Year
Intermodal traffic volume rose 4.1% in the fourth quarter, the eighth straight quarter of year-over-year gains, the Intermodal Association of North America said.
February 6, 2012Ryder System Debuts Next-Gen RydeSmart
Ryder System said it has launched RydeSmart 3.0, the next generation of RydeSmart, its onboard telematics system.
February 6, 2012Arsenault Announces New CEO
Transportation software maker Arsenault announced that Jack Boetefuer is the company’s new CEO.
February 6, 2012Clean Energy Signs Deal to Build Natural Gas Station in Texas
Clean Energy Fuels Corp. on Monday said it has signed an agreement with tank truck carrier Green Energy Oilfield Services to build and supply a new liquefied natural gas fueling station in Texas.
February 6, 2012Opinion: Driver Recruiting Against the Odds
According to analysts at a transportation research organization, the industry is facing an increasingly acute shortage of drivers — as many as 135,000 this year.
February 6, 2012