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, Government

Durable Orders Drop by Most in 7 Months

Durable goods orders in August saw their biggest drop in seven months, the Commerce Department said Wednesday.

September 26, 2007
Business, Safety, Government

August Tonnage Rises 0.9%

American Trucking Associations’ August for-hire truck tonnage index rose 0.9% from a year ago but dipped 0.8% from July, ATA said Tuesday.

September 25, 2007
Business, Safety, Government

N.J. Freight Plan Calls for Road, Rail, Shipping Improvements

A New Jersey Department of Transportation plan released Tuesday recommends improvements in the state’s roadways and other freight passages to maximize the economic benefits of more efficient freight movement.

September 25, 2007
Fuel, Business, Government

Diesel Jumps 6.8¢ to $3.032

Diesel fuel jumped past the $3 mark Monday, gaining 6.8 cents to $3.032 a gallon, the Energy Department said following its weekly retail price survey.

September 25, 2007
Business, Logistics

Existing Home Sales Drop to 5-Year Low

Existing homes sales fell in August to a five-year low, the National Association of Realtors said Tuesday.

September 25, 2007
Government, Business

Consumer Confidence Slips in September

U.S. consumer confidence declined in September, the New York-based Conference Board said Tuesday.

September 25, 2007
Business, Fuel

Oil Dips Below $80 a Barrel

Crude oil futures fell for a third day as production in the Gulf of Mexico increased following a storm threat, Bloomberg reported Tuesday.

September 25, 2007
Business, Logistics

GM Talks Resume; Two Canadian Plants Close

A United Auto Workers strike against General Motors Corp. lasting longer than a week or two could cost GM billions, and two Canadian plants have been idled as a result of the strike, news services reported Tuesday.

September 25, 2007
Business, Fuel, Equipment

Cummins to Use EGR in 2010 Heavy-Duty Engines

Engine maker Cummins Inc. said its heavy-duty 2010 on-highway engines will use exhaust gas recirculation technology, and will not use selective catalytic reduction or nitrogen oxide aftertreatment.

September 24, 2007
Business

Jackson Stepping Down at DHS

Michael Jackson, deputy secretary at the Department of Homeland Security, will step down from his post Oct. 26, DHS said Monday.

September 24, 2007