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, Safety, Government, Logistics, Equipment

Contrans to Consolidate Some Van, Flatbed Operations

Canadian transportation firm Contrans Income Fund said it plans to consolidate certain operations of its dry van and flatbed businesses in eastern Canada.

February 20, 2008
Fuel, Business, Logistics, Government

Diesel Jumps 11.6¢ to $3.396; Oil Closes Over $100 for First Time

The national average pump price of diesel fuel jumped 11.6 cents to $3.396 a gallon, the Department of Energy said Tuesday, while crude oil closed at more than $100 a barrel for the first time ever.

February 20, 2008
Business, Government

January CPI Rises 0.4%

The consumer price index rose 0.4% in January, matching an increase in December that was larger than originally reported, the Labor Department said Wednesday.

February 20, 2008
Business, Government

January Housing Starts Remain Near 17 Year Low

Housing starts inched up 0.8% in January, remaining close to the 17 year low reached last month, the Commerce Department said Wednesday.

February 20, 2008
Business, Government

January Housing Starts Remain Near 17 Year Low

Housing starts inched up 0.8% in January, remaining close to last month's 17 year low, the Commerce Department said Thursday.

February 20, 2008
Business, Technology, Equipment, Safety

iTECH: Dual Tracking Mode — Best of Both Worlds?

Some makers of integrated mobile communication systems are adopting technologies that enable their fleet customers to take advantage of both the broad geographic coverage offered by satellites and high-volume, low-cost data transmission over cellular phone networks.

February 19, 2008
Business, Government

Letters to the Editor: Florida’s Left Lane, Texas Polution, Layoffs, State of the Union, California Waiver

The left lane restrictions in Florida are a symptom of a growing and long-standing problem in America: making it “all about me.”

February 19, 2008
Business, Safety, Government

Patriot Sets Stock Repurchase Plan

Patriot Transportation Holding said Tuesday that its board has authorized repurchase of up to $5 million of its common stock.

February 19, 2008
Business

Deutsche Post Names New CEO

Deutsche Post AG said it appointed Frank Appel its new chief executive officer, following the resignation of Klaus Zumwinkel, Bloomberg reported Monday.

February 19, 2008
Business, Government, Fuel

Oil Climbs to Five-Week High

Crude oil prices rose more than $2 a barrel to $97.87 in electronic overnight trading on the New York Mercantile Exchange, the highest in five weeks, Bloomberg reported Tuesday.

February 19, 2008