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.
Oil Closes at Record $78.21 a Barrel
Crude oil futures closed at a record $78.21 a barrel Tuesday, breaking the previous closing-price record of $77.03 set last summer, the Associated Press reported.
August 1, 2007ISM Factory Index Slips in July
The Institute for Supply Management’s manufacturing index fell in July, ISM said Wednesday.
August 1, 2007Company Wins FMCSA Contract to Help Truckers Find Parking
Foster-Miller Inc. said Tuesday it was awarded a $396,000 contract from the Federal Motor Carrier Safety Administration to develop an automated system to help long-haul truckers find available parking.
August 1, 2007Company Wins FMCSA Contract to Help Truckers Find Parking
After 8 Years, Va. ‘Mixing Bowl’ Construction Finishes
After eight years of construction, work on the $676 million Springfield interchange in Northern Virginia, site of one of the East Coast’s worst bottlenecks, is complete.
July 31, 2007NAFTA Surface Trade Gains 5.2%
Surface trade among the United States, Canada and Mexico was 5.2% higher in May than a year earlier, the Department of Transportation said Tuesday.
July 31, 2007Diesel Dips 0.3¢ to $2.886; Gasoline Tumbles Again
Diesel fuel’s national average pump price dipped 0.3 cent to $2.886 a gallon, while gasoline continued its downward trend, falling 8.2 cents to $2.876, the Energy Department said Monday.
July 31, 2007Germany’s MAN Reports Improved 2Q Profit
German truck maker MAN AG boosted its 2007 earnings forecast as its second-quarter profit more than doubled on higher sales in Eastern Europe, Bloomberg reported Tuesday.
July 31, 2007Wabash Reports Higher 2Q Earnings
Trailer maker Wabash National Corp. reported its second-quarter profit rose to $5.9 million or 18 cents a share, from $5 million or 15 cents a year ago.
July 31, 2007Construction Spending Declines 0.3%
Construction spending fell 0.3% in June, the Commerce Department said Tuesday.
July 31, 2007