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, Logistics, Fuel

Diesel Jumps 7.6¢ to $3.015

Diesel jumped 7.6 cents to a national average $3.015 a gallon — the first time in 17 months it has topped the $3 mark, the Department of Energy said Monday.

April 5, 2008
Fuel, Government, Business

Truckers Continue Protests Over High Diesel Prices

Spot protests by truckers over high diesel fuel prices continued in several states Friday, news services reported.

April 4, 2008
Business

Delphi’s Bankruptcy-Exit Plan May Cost GM More

General Motors Corp. may have to pay more to help parts supplier Delphi Corp. exit from bankruptcy after a private equity deal to inject $2.5 billion into Delphi fell through, the Associated Press reported Friday.

April 4, 2008
Business, Fuel

Crude Closes Week Above $106

Crude oil rose more than $2 Friday to close above $106 a barrel for the first time in more than a week, Bloomberg reported.

April 4, 2008
Business

Payrolls Fall by 80,000; Unemployment Rate Rises to 5.1%

U.S. payrolls fell by 80,000 last month in a third straight downturn, and the unemployment rate rose to 5.1% from 4.8%, the Labor Department said Friday.

April 4, 2008
Business, Fuel, Government

Biodiesel Quality Improves, But Concerns Remain

The Department of Energy this week released the results of its 2007 biodiesel quality survey that showed improvements in biodiesel quality, but said 10% of the biodiesel produced in the United States still fails to meet certain quality specifications.

April 4, 2008
Business, Government

N.Y. Lawmakers Likely to Decide on City’s Congestion Plan Monday

The New York State Assembly is not likely to make a decision on a congestion-fee plan for cars and trucks in New York City until a key deadline Monday, the New York Post reported Friday.

April 4, 2008
Business, Safety

Intermodal Traffic Drops 2.7% for Week

Rail intermodal traffic fell 2.7% for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.

April 3, 2008
Business, Safety, Government

ISM Services Index Improves, but Shows Contraction

The U.S. economy’s service showed continued contraction in March, but improved from February, the Institute for Supply Management said Thursday.

April 3, 2008
Business

Initial Jobless Claims Jump by 38,000 for Week

Initial jobless claims jumped by 38,000 last week, the Labor Department said Thursday.

April 3, 2008