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.
Mack Receives Military Truck Orders
Mack Trucks has received an order for 18 more of its Vision Elite model tractors from the U.S. Army TACOM Life Cycle Management Command.
August 19, 2009Oil Tops $70 Following DOE Inventory Report
Oil pushed past $70 a barrel Wednesday for the first time this week following a Department of Energy report that showed crude inventories plunged last week, Bloomberg reported.
August 19, 2009Menlo Opens Chicago-Area Export Facility
Menlo Worldwide Logistics said that it has opened an export logistics center in Joliet, Ill., to serve heavy duty equipment manufacturer Caterpillar Inc.
August 18, 2009Diesel Rises 2.7¢ to $2.652; Gas Dips a Penny
Diesel rose 2.7 cents to $2.652 a gallon , its highest price this year, the Department of Energy reported.
August 18, 2009Phoenix Group Expands Logistics Business into Mexico, Hires New Employees
The Phoenix Group said that its logistics business is expanding with a multi-year contract with a Mexican grocery chain and the hiring of 15 new employees.
August 18, 2009Towne Air Freight Buys Texas Land and Air
Towne Air Freight said it has acquired Texas Land and Air to establish a presence in that state and widen its service offerings.
August 18, 2009Producer Price Index Falls in July
Prices paid to U.S. producers fell 0.9% in July, the Labor Department said Tuesday.
August 18, 2009Patriot Sells Flatbed Unit Sunbelt Transport
Patriot Transportation Holding lost $402,000 in its fiscal third quarter and the company said it sold flatbed carrier unit Sunbelt Transport.
August 17, 2009N.Y. Manufacturing Index Shows First Gain in 16 Months
Manufacturing activity in the New York region contracted at the slowest pace in more than a year, the Federal Reserve Bank of New York said Monday.
August 17, 2009NTTC Launches New Web Site
National Tank Truck Carriers Monday launched its new Web site, featuring updated information for its members and the public.
August 17, 2009