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

CPI Falls for First Time This Year

The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.

September 19, 2007
Business, Government

CPI Falls for First Time This Year

The consumer price index fell in August for the first time this year in August, dipping 0.1%, the Labor Department said Wednesday.

September 19, 2007
Business, Safety

2Q Driver Turnover Rate Drops

Driver turnover rates for large truckload carriers fell for the first time in a year in the second quarter, American Trucking Associations said Tuesday.

September 18, 2007
Government, Business, Safety, Logistics

Report Cites Congestion Problems Nationwide

Drivers waste nearly an entire work week each year sitting in traffic on the way to and from their jobs, according to a national study released Tuesday, the Associated Press reported.

September 18, 2007
Business

Fed Lowers Key Interest Rate to 4.75%

The Federal Reserve Tuesday voted to lower the benchmark U.S. interest rate by half a percentage point to 4.75%, the first reduction in four years.

September 18, 2007
Fuel, Business, Logistics, Government

Diesel Jumps 4¢ to $2.964; Gas Falls 3.1¢ to $2.787

Diesel fuel’s national average price jumped 4 cents from last week to $2.964 a gallon, the Energy Department said Monday.

September 18, 2007
Business

Fed Expected to Cut Interest Rate

The Federal Reserve is expected to cut its federal funds interest rate Tuesday for the first time in four years, the Associated Press reported.

September 18, 2007
Business, Government, Fuel

Crude Hits Another Record; Tops $81 Overnight

Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.

September 18, 2007
Business, Safety, Government, Technology, Equipment

TMW Buys IDSC; Upgrades TruckMate Program

Transportation technology provider TMW Systems said Monday it acquired Integrated Support Decision Corporation, for an undisclosed sum.

September 17, 2007
Business, Safety, Government

PeopleNet, Microdea Set In-Cab Scanning

Transportation software firm PeopleNet, in partnership with Microdea Inc., said Monday the two have introduced in-cab scanning for the trucking industry.

September 17, 2007