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.
DOE Keeps 2010 Diesel Forecast Under $3 a Gallon
Diesel’s national retail price will average $2.98 a gallon this year, the Department of Energy said in boosting its most recent prediction by 2 cents.
July 8, 2010Daimler, Unions Set Three-Year Pact at Portland Truck Plant
Daimler Trucks North America said it has reached new three-year collective bargaining agreements covering union workers at its truck plant in Portland, Ore.
July 7, 2010Virginia Eyes Plans for Rest-Area Savings
Virginia Gov. Bob McDonnell (R) is seeking ideas on reducing costs at the state’s 41 rest areas and welcome centers, 19 of which were closed last summer, the Richmond Times-Dispatch reported Wednesday.
July 7, 2010Public-Private Projects Advance in Georgia, Ohio
Public-private intermodal projects in Ohio and Georgia that involve CSX Transportation moved a step closer to completion this month.
July 7, 2010Diesel Drops 3.2¢ to $2.924 a Gallon
Diesel fuel’s national average fell 3.2 cents to $2.924 a gallon, its seventh decline in eight weeks and matching the lowest price since mid-March, the Department of Energy said Tuesday.
July 7, 2010Oil Rises for First Time in a Week
Oil prices rose Tuesday for the first time in six trading days to just under $73 a barrel as the dollar weakened against the euro, Bloomberg reported.
July 6, 2010E&MU: Ultra-Low-Sulfur Diesel Silences Its Opponents
Ultra-low-sulfur-diesel fuel, once feared by many truckers as potentially harmful to engines and fuel efficiency, will become by Dec. 1 the only legal fuel allowed for all on-highway diesel-powered vehicles.
July 6, 2010Cummins Sees Progress in Overseas Ventures
Cummins Inc., the last independent heavy-duty diesel engine maker in the United States, announced several overseas business developments.
July 6, 2010VTNA Recalls 64,000 Trucks Over Possible Loss of Steering
Volvo Trucks North America and the National Highway Traffic Safety Administration said the company is recalling nearly 64,000 trucks in the United States for a possible steering linkage problem.
Letters: Driving-Time Cuts, Rate-Setting Redux, Raising Broker Bonds
Safety advocate groups once again are pursuing their never-ending effort to reduce the driving time allowed commercial motor vehicle operators.
July 5, 2010