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.
Fed ‘Beige Book’ Shows Improved Transport Activity
Trucking and rail activity increased in April and May, with freight traffic and materials shipments improving in several regions, the Federal Reserve said Wednesday.
June 9, 2010Navistar’s 2Q Income More Than Doubles
Navistar International Corp. said Wednesday its fiscal second-quarter profit more than doubled, on higher truck and engine sales.
June 9, 2010DOT Freight Transport Index Improves
The Department of Transportation’s freight transportation services index rose 4.8% in April from a year ago, marking the second consecutive increase.
June 9, 2010Wholesale Inventories Rise in April
Wholesale inventories rose 0.4% in March, the Commerce Department said Wednesday.
June 9, 2010DOE Lowers 2010 Diesel Forecast to Below $3 a Gallon
The Department of Energy said diesel will average under $3 a gallon this year, lowering last month’s forecast by about a dime.
June 8, 2010Florida to Allow Some Heavier Truck Loads
Florida Gov. Charlie Crist (R) signed a bill Friday allowing the state’s Department of Transportation to develop a permit process to allow trucks to carry up to 88,000 pounds on non-interstate highways.
Navistar Remains Tractor Provider for Heartland Express
Navistar Inc. said Tuesday it will remain the exclusive provider of Class 8 tractors for truckload carrier Heartland Express.
June 8, 2010Port of L.A. Cites Clean Truck Program for Reduced Emissions
Officials at the Port of Los Angeles are crediting their clean trucks program, which resulted in significant turn-over of older trucks to newer and cleaner trucks, for significantly lowering port-wide diesel emissions in 2009.
June 8, 2010N.C. Supports Virginia’s Plan to Toll I-95
North Carolina’s secretary of transportation is supporting a plan by Virginia to put tolls on Interstate 95 near the border of the two states, the Associated Press reported.
June 8, 2010Diesel Continues to Fall, Declining 3.4¢ to $2.946 a Gallon
Diesel fell for a fourth straight week, dropping 3.4 cents to $2.946 a gallon, its lowest price in 10 weeks, the Department of Energy said.
June 8, 2010