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.
November CPI Rises 0.4%
The consumer price index rose 0.4% in November, the Labor Department said Wednesday.
December 16, 2009Cummins’ Engine President to Step Down
Cummins Inc. said late Tuesday that Jim Kelly, president of its engine business, will leave the position in March and that it will name a successor “in the very near future.”
December 15, 2009LaHood Cites ‘Urgency’ for Texting Ban
WASHINGTON — Transportation Secretary Ray LaHood said the department was working to complete its work on a regulation to ban texting by commercial drivers, and that it would be finished “sooner rather than later.”
December 15, 2009November Spot Freight 65% Over Last Year, TransCore Says
Spot market freight availability increased by 65% in November compared to last year according to the TransCore Freight Index, a measure of truckload freight volume found on load boards.
December 15, 2009Senate Must Extend Biodiesel Tax Credit by Dec. 31, Producers Warn
Biodiesel producers are threatening to shut down their operations if the Senate does not approve a bill that would extend the $1 per gallon biodiesel tax credit due to expire Dec. 31.
December 15, 2009Pacer Names Daniel Avramovich CEO
Transportation and third-party logistics firm Pacer International said Daniel Avramovich will become its new chief executive officer, effective close of business Tuesday.
December 15, 2009Diesel Declines 2.4¢ to $2.748 a Gallon; Gas Falls 3.5¢
Diesel and gasoline prices both fell Monday as crude oil held near a two-month low, with diesel falling 2.4 cents to $2.748 a gallon and gas declining 3.5 cents to $2.599, the Department of Energy said.
December 15, 2009Industrial Production Rises 0.8%
Industrial production increased 0.8% in November, the Federal Reserve said Tuesday.
December 15, 2009New York Manufacturing Index Slips in December
Manufacturing activity in the New York region slowed its rate of growth in December, the Federal Reserve Bank of New York said Tuesday.
December 15, 2009Producer Price Index Climbs 1.8% in November
Prices paid to U.S. producers rose 1.8% in November, the Labor Department said Tuesday.
December 15, 2009