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.
Producer Price Index Rises for Third Month
Prices paid to U.S. producers rose 0.4% in September, the third straight monthly gain, the Labor Department said Thursday.
October 14, 2010Jobless Claims Increase for Week
Initial jobless claims grew by 13,000 last week, the Labor Department said Thursday.
October 14, 2010Integrated Freight Buys Wichita Truckload Carrier
Integrated Freight has acquired refrigerated truckload carrier Bruenger Trucking Co. for $11 million, the companies said.
October 14, 2010Opinion: Downtime and Subrogation
Insurance companies and motor carriers pursue subrogation aggressively today. It was not always so. In years past, the focus was on adjusting claims, getting vehicles back on the road and closing files as soon as possible.
October 14, 2010DOE Boosts 2010 Diesel-Price Forecast by 3¢, to $2.96 a Gallon
The Department of Energy boosted its projected 2010 diesel-price forecast by 3 cents to $2.96 a gallon, and lifted its forecast for 2011 by 4 cents, to $3.14.
October 13, 2010J.J. Keller Offers Electronic HOS Log
Compliance services provider J.J. Keller, Neenah, Wis., released its first onboard system for keeping track of driver hours of service, the company said.
CSX’s Third-Quarter Income Jumps 43%
CSX Corp. said its third-quarter profit jumped 43% as shipments improved.
October 13, 2010Import Prices Drop 0.3% in September
The price of goods imported to the United States fell 0.3% in September on lower oil prices, the Labor Department said Wednesday.
October 13, 2010Diesel Surges 6.6¢ to $3.066 a Gallon
Diesel’s national average price continued its upward trend as it jumped 6.6 cents to $3.066 a gallon, while gasoline saw its biggest gain in almost a year, rising 8.7 cents to $2.819, the Department of Energy reported.
October 13, 2010Obama Lifts Ban on Deepwater Oil Drilling
The Obama administration has lifted a moratorium on deep-water oil drilling that it imposed in April in the wake of the BP oil spill in the Gulf of Mexico, the Associated Press reported.
October 13, 2010