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.
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, 2008Truckers 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, 2008Delphi’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, 2008Crude 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, 2008Payrolls 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, 2008Biodiesel 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, 2008N.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, 2008Intermodal 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, 2008ISM 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, 2008Initial 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