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 Hits Two-Year High
The average cost of a gallon of diesel in the United States jumped to a two-year high last week after prices climbed 6.8 cents to $3.184 in the Department of Energy’s survey of retail filling stations.
November 22, 2010UPS to Sell Logistics Tech Business
UPS Inc. said Friday it will sell its UPS Logistics Technologies unit to Thoma Bravo, a private equity firm.
November 19, 2010Oberstar Urges One-Year Extension of Highway Legislation
The outgoing chairman of the House Transportation and Infrastructure Committee has urged Congress to approve a one-year extension of current highway legislation so the new Congress that convenes in January will have time to “come to agreement on a funding mechanism for a six-year bill.”
Aging U.S. Truck Fleet Could Lead to Production Boost Next Year
Truck production in North America could climb more than 50% next year due to an aging U.S. truck fleet, Bloomberg reported.
November 19, 2010Intermodal Traffic Rises 11.9% for Week
Intermodal traffic rose 11.9% last week from the same week last year, the Association of American Railroads reported.
November 19, 2010EPA Reports Better Light-Truck Emissions
A new Environmental Protection Agency showed an improvement in fuel economy and carbon dioxide emissions for new cars and light-duty trucks in 2009.
November 19, 2010Opinion: Protecting Essential Trucking Data
Big-picture executives have the ability to see well beyond the day-to-day grind. If you’re in this category, you support an active safety department and insist on taking a variety of preventive measures.
November 19, 2010Brink’s Buys Mexican Logistics Company
The Brink’s Co. said Thursday it bought Mexican logistics firm Servicio Pan Americano de Proteccion, S.A. de C.V., for about $60 million.
November 18, 2010Leading Economic Indicators Rise 0.5%
An index of leading economic indicators rose 0.5%, the New York-based Conference Board said Thursday.
November 18, 2010Philadelphia Manufacturing Index Jumps in November
Manufacturing levels in the Philadelphia region rose in November for the second straight month, the Federal Reserve Bank of Philadelphia said Thursday.
November 18, 2010