Business

About Business News...

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.

Business, Fuel

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, 2011
Business, Safety, Government, Logistics, Autonomous

PenserSC, 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, 2011
Business, Fuel

Oil 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, 2011
Business, Equipment

Cummins 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, 2011
Business

Daimler 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, 2011
Business

Navistar Names China Business President

Navistar International Corp. named Rudi von Meister to head the company’s operations in China.

June 10, 2011
Business

Refrigerated 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, 2011
Business

Imported 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, 2011
Business, Safety

May 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, 2011
Editorial, Business

Reaffirm 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