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.

Business

Pilot HOS Rules Tightened; Cargo Exempted

As it has with trucking rules, the federal government has tightened hours-of-service rules for airline pilots, while exempting air cargo pilots.

December 28, 2011
Business, Logistics

Muzi to Head Concert Group Logistics

XPO Logistics said it has appointed Dominick Muzi to be president of Concert Group Logistics, the Buchanan. Mich., company’s freight forwarding subsidiary.

December 28, 2011
Business, Fuel

Diesel Falls 3.7¢ to $3.791 a Gallon; Gasoline Gains 2.9¢ to $3.258

Diesel fell another 3.7 cents to $3.791 a gallon, its fifth straight decline, while gasoline rose for the first time in six weeks, the Department of Energy said.

December 28, 2011
Business, Logistics

Nightingale Moves to ModusLink Global Solutions, from Con-way

Trucking executive Thomas Nightingale is now president of sales and marketing for ModusLink Global Solutions, a publicly traded logistics and marketing firm specializing in the consumer goods and technology industries.

December 28, 2011
Business, Fuel

Oil Climbs Over $101 a Barrel

Oil rose to more than $101 a barrel Tuesday mornning after taking its biggest gain in two months last week, Bloomberg reported.

December 27, 2011
Business

Daimler Sees Continued Growth in Global, North American Truck Markets

Daimler AG said Tuesday it sees continued truck market growth in the next two years, buoyed by a stronger North American market.

December 27, 2011
Business, Technology

iTECH: Insurers Are Not Swayed by Safety Devices

An ever-increasing number of fleets today are investing significant capital to outfit their trucks with the latest safety technology to reduce accidents that harm people and disrupt freight operations.

December 27, 2011
Business

New Home Sales Rise to Seven-Month High

New home sales rose 1.6% in November to a seven-month high, the Commerce Department reported.

December 27, 2011
Business

Personal Spending Rises 0.1%

Consumer personal spending rose 0.1% in November for a second straight month, the Commerce Department said.

December 27, 2011
Business

Durable Goods Orders Rise by Most in Four Months

Durable goods orders rose by the most in four months in November, Commerce Department reported.

December 27, 2011