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.
Intermodal Growth Accelerates in 2010 as Truck Capacity Tightens, IANA Says
Intermodal traffic grew at the fastest pace in nearly three decades during 2010, and the combination of a strengthening economy and tightening truck capacity will spark further growth this year, the Intermodal Association of North America reported.
February 14, 2011ATA Hires McNally as VP of Communications
FMCSA Holding Feb. 17 Hours-of-Service ‘Listening Session’
Members of the trucking industry will have their first opportunity to make an in-person case for preserving the current hours-of-service rules on Feb. 17 when the Federal Motor Carrier Safety Administration conducts a listening session in Arlington, Va.
February 14, 2011Diesel Jumps 7.5¢ to $3.513 Pushed By Cold Wave, Egyptian Concerns
Continuing cold weather across much of the United States and Europe and political unrest in Egypt helped push domestic fuel prices higher. The average retail cost of a gallon of diesel rose 7.5 cents to $3.513 a gallon last week.
February 14, 2011Yokohama to Boost Auto, Light-Truck Tire Prices 8%
Yokohama Tire Corp. said Friday it will increase prices by up to 8% on all of its consumer tires, which include passenger, performance and light-truck tires, effective March 1.
February 11, 2011Consumer Confidence Hits Eight-Month High
Consumer confidence rose to an eight-month high this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 11, 2011Express-1 Reports Improved 4Q Profit
Express-1 Expedited Solutions’ second-quarter profit rose to $820,000, or 2 cents per share, from $601,000, or 2 cents, a year earlier.
February 11, 2011Iteris Reports Loss for Fiscal 3Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said it had a net loss in its third fiscal quarter.
February 11, 2011Intermodal Traffic Takes First Dip in a Year
Intermodal traffic fell last week for the first time in a year, largely due to winter storm disruptions, the Association of American Railroads reported.
February 11, 2011U.S. Trade Deficit Widens
The U.S. trade deficit widened for a second straight month in December on higher oil imports, the Commerce Department said Friday.
February 11, 2011