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.
Industry Backs Truck Efficiency Standards
Initial reactions from truck and engine manufacturers have been supportive of the heavy-duty truck fuel efficiency standards announced Tuesday by President Obama.
August 10, 2011Wholesale Inventories Rise 0.6% in June
Wholesale inventories rose 0.6% in June, the slowest rate in seven months, the Commerce Department said Wednesday.
August 10, 2011Intermodal Volume Rises 6.5% in Second Quarter
Intermodal traffic volume rose 6.5% in the second quarter, the Intermodal Association of North America said.
August 10, 2011DOE Lowers Diesel Price Forecast 3¢ to $3.83 a Gallon
The Department of Energy Tuesday lowered its diesel fuel price forecast for this year by 3 cents, to $3.83 a gallon.
August 9, 2011Teamsters Ratify National Carhaul Agreement
The Teamsters union said it has ratified a national agreement covering about 4,500 U.S. automobile-hauling workers.
August 9, 2011Diesel Falls 4¢ to $3.897 in Second Decline; Gasoline Drops for First Time in Six Weeks
Diesel declined for a second straight week, dropping 4 cents to $3.897 a gallon, while gasoline slipped for the first time in six weeks, the Department of Energy said Monday.
August 9, 2011TravelCenters’ 2Q Profit Jumps
TravelCenters of America said its second-quarter earnings jumped from a year ago as fuel sales increased.
August 9, 2011Clean Energy Reports 2Q Loss; Revenue Rises 57%
Clean Energy Fuels Corp., which provides natural gas fueling for the trucking industry, reported a loss for its second quarter but said revenue rose.
August 9, 2011Productivity Dips in Second Quarter
U.S. workers’ productivity slowed in the second quarter and labor costs rose, the Labor Department said Tuesday.
August 9, 2011FedEx Freight Sets 6.75% Rate Increase
FedEx Freight, the less-than-truckload unit of FedEx Corp., said Monday it will implement a 6.75% general rate increase, effective Sept. 6.
August 8, 2011