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, Government

Diesel Declines 2.5¢ to $3.964; Gasoline Climbs to Record $3.29

Diesel’s national average pump price saw its first decline in two months, falling 2.5 cents Monday to $3.964 a gallon, the Department of Energy reported.

April 1, 2008
Government, Business, Safety

Smid to Succeed Skarka as President of Yellow Transportation

Less-than-truckload carrier YRC Worldwide said Monday that Maynard Skarka is retiring as president of Yellow Transportation and will be replaced by Mike Smid, president of YRC’s North American Transportation unit.

April 1, 2008
Business, Logistics

US1 Reports Lower 4Q, Full-Year Earnings

Logistics firm US 1 Industries said its fourth-quarter net income was $600,000, or 5 cents a share, down from $1.4 million, or 11 cents, a year ago.

April 1, 2008
Business, Safety, Government

ISM Factory Index Improves, But Still Shows Contraction

The Institute for Supply Management’s manufacturing index contracted in March but improved slightly from February, ISM said Tuesday.

April 1, 2008
Government, Business

February Construction Spending Drops 0.3%

Construction spending declined for a fifth straight month in February, falling 0.3% from January, the Commerce Department said Tuesday.

April 1, 2008
Business, Logistics

AutoInfo Reports Lower Earnings

Logistics provider AutoInfo Inc. said it earned $392,000, or 1 cent per share, in the fourth quarter of 2007, compared with a profit of $443,000, or 1 cent, a year earlier.

March 31, 2008
Business, Safety, Government

NAFTA Surface Trade Jumps 7.4%

Surface trade among the United States, Canada and Mexico jumped 7.4% in January from a year earlier, the Department of Transportation said Monday.

March 31, 2008
Business, Fuel, Autonomous

Editorial: Technological Solutions

Little wonder that fuel efficiency was a major focus of equipment and service vendors exhibiting at the Mid-America Trucking Show last week.

March 31, 2008
Business, Logistics, Government

Chicago Manufacturing Index Gains, But Shows Contraction

Manufacturing activity in the Chicago region improved this month, but showed contraction, the National Association of Purchasing Management said Monday.

March 31, 2008
Business, Logistics

Purolator Courier, Teamsters Reach Tentative Agreement

Canadian parcel carrier Purolator Courier said it has reached a tentative contract renewal agreement with the Teamsters union.

March 31, 2008