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.
Public Citizen Again Challenges HOS Rule
Advocacy groups led by Public Citizen, once again taking the Federal Motor Carrier Safety Administration to court over its driver hours-of-service regulation, said increasing allowed driving time and allowing a reset of weekly hours have led to more fatalities caused by fatigued driving.
September 7, 2009Diesel Rises 0.6¢ to $2.674 in Sixth Consecutive Increase
U.S diesel prices continued their summer-long climb last week, inching up 0.6 cent to $2.674 a gallon, according to the Department of Energy retail fuel survey.
September 7, 2009Union Pacific Building New Intermodal, Logistics Terminal
Union Pacific Corp. said its new Joliet (Ill.) Intermodal Terminal will support customer growth by boosting international and domestic container capacity and improving rail traffic efficiencies in the Chicago area, the nation’s largest rail center.
September 4, 2009Unemployment Rate Hits 9.7% in Highest Level Since 1983
The U.S. unemployment rate rose to 9.7% in August, the highest rate since 1983, the Labor Department said Friday.
September 4, 2009Intermodal Traffic Falls for Week
Intermodal rail traffic in the United States fell 15.6% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
September 4, 2009Oil Falls Below $68 a Barrel
Oil prices fell to close below $68 a barrel Thursday on concerns over the economy, Bloomberg reported.
September 3, 2009DOT Inspector General Says More Needed on Mexican Truck Safety
The Department of Transportation said more work is needed to ensure the safety of Mexican trucks and buses awaiting permission to drive on U.S. roadways, the Associated Press reported.
September 3, 2009Daimler Sets Surcharges for 2010 Cummins Engines
Daimler Trucks North America said it will add a $9,000 surcharge to its 2010 trucks for customers who select independent manufacturer Cummins Inc.’s 2010 heavy-duty engine.
September 3, 2009ISM Services Index Improves in August
The economy’s service sector showed improved activity in August, the Institute for Supply Management said Thursday.
September 3, 2009Initial Jobless Claims Fall for Week
Initial jobless claims declined 4,000 last week, the Labor Department said Thursday.
September 3, 2009