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 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, 2010
Business

UPS 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, 2010
Government, Business

Oberstar 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.”

Sean McNally | Staff Reporter
November 19, 2010
Business, Equipment

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, 2010
Business, Logistics

Intermodal 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, 2010
Fuel, Business, Autonomous

EPA 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, 2010
Business, Safety, Government, Autonomous

Opinion: 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, 2010
Business

Brink’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, 2010
Government, Business

Leading Economic Indicators Rise 0.5%

An index of leading economic indicators rose 0.5%, the New York-based Conference Board said Thursday.

November 18, 2010
Business, Equipment

Philadelphia 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