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 Fuel Price Drifts Down to $3.94 Following Fifth Straight Decline
U.S. retail diesel prices dipped 0.8 cent a gallon last week, the fifth consecutive weekly decline, as the national average declined to $3.94, the Department of Energy reported.
June 13, 2011PenserSC, ICS Logistics Sign Transportation Contract
Third-party logistics firms PenserSC and ICS Logistics said they have agreed to a trucking and transportation services contract.
June 10, 2011Oil Slides to Finish Week Below $100 a Barrel
Oil fell to finish trading below $100 a barrel Friday, taking its biggest drop in four weeks on indications that Saudi Arabia will boost output next month, Bloomberg reported.
June 10, 2011Cummins to Add 600 White-Collar Workers at Indiana Headquarters
Truck engine maker Cummins said Friday it plans to add 600 white-collar workers in a new office building at its headquarters city of Columbus, Ind.
June 10, 2011Daimler to Boost North American Truck Production, Hire 1,400 Workers
Daimler Trucks North America said Thursday it plans to sharply increase production and hire about 1,400 new workers at three truck plants, to meet higher demand.
June 10, 2011Navistar Names China Business President
Navistar International Corp. named Rudi von Meister to head the company’s operations in China.
June 10, 2011Refrigerated Carrier Freymiller Becomes Newest ATA Member
American Trucking Associations announced Friday that Oklahoma City-based refrigerated truckload carrier Freymiller Inc. has become its newest carrier member.
June 10, 2011Imported Goods Prices Rise 0.2% in May
The price of goods imported to the United States rose 0.2% in May, led by increases in autos and clothing, the Labor Department said Friday.
June 10, 2011May Intermodal Traffic Rises 7.5%
Intermodal traffic in May rose 7.5% in May from a year ago, the 18th straight year-over-year gain, the Association of American Railroads said.
June 10, 2011Reaffirm the HOS Rule
Now that the comment period on the latest twist in the Federal Motor Carrier Safety Administration’s long, drawn-out trek to a permanent hours-of-service rule has expired, it’s time for the agency to reaffirm its support for the very successful regulation that already exists.
June 10, 2011