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 Drops 7.3ยข to $3.021

The average retail price paid for a gallon of diesel dropped 7.3 cents to $3.021 last week, the Energy Department said, as the biggest one-week decline in nearly 18 months followed a recent slide in crude oil prices.

May 31, 2010
Business

April Truck Tonnage Surges 9.4%

Truck tonnage surged 7.5% in April from a year ago, the fifth straight year-to-year increase and the largest gain in more than five years, American Trucking Associations said.

May 28, 2010
Business

Officials Concerned About Shortages of Road Paint

State transportation officials are concerned that shortages of the paint used for road stripes could slow highway construction this summer, CNN reported.

May 28, 2010
Business, Safety, Government, Autonomous

TTNews To Close Monday for Memorial Day

Transport Topics Online will be closed Monday for the Memorial Day holiday. Please check back on Tuesday, June 1, for the latest trucking and freight transportation news.

May 28, 2010
Business

Memorial Day Travel to Rise 5.4%, AAA Says

The motorist group AAA said that travel over the Memorial Day weekend will jump 5.4% from a year ago as an improved economy prompts more Americans to hit the road, Reuters reported.

May 28, 2010
Business, Fuel, Government, Logistics

Expeditors Sees Air, Ocean Tonnage Increase

Logistics firm Expeditors International of Washington said airfreight tonnage has risen 40% in the first three months of 2010 compared to last year, the Associated Press reported.

May 28, 2010
Business, Government, Logistics

Consumer Confidence Rises in May

U.S. consumer confidence increased this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.

May 28, 2010
Business

Chicago Manufacturing Shows Continued Expansion

Manufacturing activity in the Chicago region declined in May but showed expansion for an eighth straight month, the Institute for Supply Chain Management-Chicago said Friday.

May 28, 2010
Business

Personal Spending Stalls in April

Consumer personal spending stalled in April, halting an eight-month run of increases, the Commerce Department said Friday.

May 28, 2010
Business

Forecasters Predict Active Hurricane Season

Federal officials are forecasting an active Atlantic hurricane season this year, with 14 to 23 tropical storms, including eight to 14 hurricanes, the Associated Press reported

May 27, 2010