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.
Truckers Face Delays Around Louisville Area, as I-64 Bridge Is Closed After Crack Found
Trucking companies are facing significant delays and detours around Louisville following a sudden bridge closure on Interstate 64.
September 19, 2011UPS Seeks 10% Profit Gains, Offers New Delivery Service
UPS Inc. last week set ambitious financial targets based on annual profit growth of about 10% companywide, while also announcing a new residential package delivery service with a two-hour delivery window option.
September 19, 2011August Truck Sales Soar 70.8%
Class 8 U.S. retail truck sales soared in August by 70.8% — the highest increase since 2004 — and crossed the 15,000-vehicle mark for the first time since 2007.
September 19, 2011Congress Approves Extension of Highway Bill Through March
Congress last week approved a short-term measure to extend federal surface transportation spending and the federal fuel tax system that helps fund it until March 31.
September 19, 2011Diesel Dips 0.6¢ to $3.862, But Still Far Above Year Ago
The average price of U.S. retail diesel dipped 0.6 cent a gallon to $3.862 last week following two weeks of increases, the Department of Energy reported.
September 19, 2011Pass a Real Highway Bill
We agree with President Obama that federal funding of infrastructure projects is a great way to help spark the national economy and get Americans working.
September 18, 2011Weekly Intermodal Traffic Edges Up 0.6%
Intermodal traffic rose 0.6% for the week ended Saturday from a year ago, led by an increase in trailer traffic, the Association of American Railroads said.
September 16, 2011Consumer Confidence Improves
Consumer confidence rose this month from its lowest level in almost three years, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
September 16, 2011Senate Approves Short-Term Highway-Funding Measure
The U.S. Senate approved a short-term extenstion of transportation funding that averts a shutdown of the Federal Aviation Administration and will provide continued funding for federal highway programs.
September 16, 2011Western Star Predicts Its Market Share Will Double
PORTLAND, Ore. — Western Star expects to double its market share in the heavy-duty truck market by 2014, according to its general manager, Michael Jackson.
September 16, 2011