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.
Arkansas Voters Approve $575 Million for Highways
Arkansas voters on Tuesday overwhelmingly renewed a $575 million bond program to repair more than 400 miles of interstate highways, the Associated Press reported.
November 9, 2011Wholesale Inventories Dip 0.1% in September
Wholesale inventories dipped 0.1% in September, the first decline since 2009, the Commerce Department said Wednesday.
November 9, 2011Intermodal Volume Rises 1.4% in Third Quarter
Intermodal traffic volume rose 1.4% in the third quarter, the seventh straight quarter of year-over-year gains, the Intermodal Association of North America said.
November 9, 2011California Truckers Face Jan. 1 Fuel-Efficiency Equipment Deadline
Many large carriers operating in California face a Jan. 1 deadline to have SmartWay-approved fuel efficient aerodynamic technology equipment installed on 15% of their pre-2011 trailer fleet.
Mexican Trucking Companies Waiting for Certainty in Cross-Border Program
Most Mexican trucking companies are not willing to make the long-term investments to participate in the latest cross-border pilot program with the United States, in part because of uncertainties over the program’s future, Bloomberg reported Tuesday.
November 8, 2011So. Calif. Ports to Ban Trucks Older Than Model Year 2006
Beginning Jan. 1, all trucks with engine year 2006 and older will be banned from marine terminals at the ports of Los Angeles and Long Beach, port officials said.
XPO Logistics Posts Loss; Sets Executive Appointments
XPO Logistics posted a third-quarter loss, named seven new senior executives and said it was targeting multiple acquisitions in the logistics and freight brokerage field.
November 8, 2011Hub Group Buys Challenge Transportation
Hub Group Inc. said that its Comtrak Logistics Inc. subsidiary has acquired Newark, N.J., intermodal drayage carrier Challenge Transportation. No terms were announced.
November 8, 2011Cass Freight Index Improves in October
October freight volumes grew modestly but revenue rose strongly, according to the latest freight index report from Cass Information Systems.
November 8, 2011Diesel Dips a Half-Cent to $3.887 a Gallon
Diesel declined for the first time in a month, dipping a half-cent to $3.887 a gallon, while gasoline fell for a third straight week, the Department of Energy said.
November 8, 2011