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.
Diesel Rises 1.4¢ to $3.954; Gas Drops 6.8¢
Diesel’s national average rose 1.4 cents to $3.954 a gallon, its first increase in six weeks, while gasoline dropped 6.8 cents to $3.713, the Department of Energy said.
June 14, 2011Business Inventories Rise 0.8% in April
Business inventories rose 0.8% in April, the Commerce Department said Tuesday.
June 14, 2011Cass Freight Index for May Shows 9.6% Increase in Shipments
The Cass Freight Index, which measures freight bills paid for shipments moved primarily by truck, rose 9.6% in May from the same month a year ago, but the latest report showed a slow-down in the growth pace tied to the economy.
June 14, 2011Maryland Proposes Raising Tolls on 7 Major Highways, Bridges, Tunnels
The Maryland Transportation Authority on June 2 proposed significantly increasing tolls over the next two years on seven highways, bridges and tunnels in the state.
June 14, 2011Retail Sales Decline for First Time in Almost a Year
Retail sales fell in May for the first time in 11 months, as automobile sales slumped, the Commerce Department said Tuesday.
June 14, 2011Producer Price Index Rises 0.2% in May
The producer price index rose 0.2% in May, the Labor Department said Tuesday.
June 14, 2011Yokohoma Tire Hikes Prices
Yokohama Tire announced it will implement a price increase of an average of 8% on all of its light and medium commercial truck tires sold in the United States on July 1.
June 13, 2011Truck Efficiency Rule Sent to White House
The first-ever heavy-truck fuel-efficiency proposal has been sent to the White House Office of Management and Budget for review.
June 13, 2011Goodyear ‘Deep-Tread’ Tire to Reduce Rolling Resistance
Goodyear Commercial Tire Systems introduced a new drive tire that it said reduces rolling resistance by nearly 10% compared with its predecessor, leading to better fuel mileage.
June 13, 2011CTA Fuel Expert Challenges Biodiesel Claims
An expert hired by the Canadian Trucking Alliance is disputing claims made by the Canadian renewable fuels industry that diesel fuel buyers would save dramatically if the federal government proceeds with a proposed biodiesel mandate on July 1.
June 13, 2011