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.
ATA’s Costello Sees Mixed Economic Picture for Trucking
The economic outlook for trucking is “muddled at best, with the industry facing softening demand and rising costs,” American Trucking Associations’ Chief Economist Bob Costello said at the group’s annual conference in Texas this week.
October 18, 2011Economy Leads ATRI’s List of Trucking’s Top Issues
The American Transportation Research Institute said the state of the economy ranks No. 1 on its list of the top 10 issues facing the North American trucking industry.
October 18, 2011Diesel Fuel Jumps 8¢ to $3.801 a Gallon; Gasoline Price Gains 5.9¢ to $3.476
Diesel’s national average pump price jumped 8 cents to $3.801 a gallon, turning around five weeks of declines, while gasoline also increased, the Department of Energy said.
October 18, 2011Producer Prices Increase in September
Prices paid to U.S. producers rose 0.8% in September, the largest gain in five months, the Labor Department said Tuesday.
October 18, 2011iTECH: Fleets Boost Spending on Technology Upgrades
With freight and revenue rebounding, some motor carrier executives are dusting off their checkbooks and making significant information technology purchases, fleet and technology company officials have said.
October 18, 2011Selleck Takes Chairman/President Post at Michelin North America
Pete Selleck has assumed his posts of chairman and president of Michelin North America, succeeding Richard Wilkerson, who is retiring, the tire manufacturer said Monday.
October 17, 2011ATA’s Graves Sees ‘Inviting, Long Road Ahead for Trucking’
GRAPEVINE, Texas — American Trucking Associations President Bill Graves said at ATA’s annual convention that despite prevailing political and economic uncertainty, the United States and the trucking industry are poised for better days ahead.
October 17, 2011Obama Expedites Tappan Zee Bridge Replacement Plan in N.Y.
Replacement work on the Tappan Zee Bridge across the Hudson River north of New York City could begin as early as next year under a federal program to expedite large infrastructure projects.
Industrial Production Rises for Fifth Month
Industrial production rose for a fifth straight month in September, led by a gain in automobile output, the Federal Reserve said Monday.
October 17, 2011Russell Gerdin, Founder of Heartland Express, Dies at 70
Russell Gerdin, the founder and former chairman and CEO of Heartland Express Inc., died Friday at the age of 70.
October 17, 2011