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 and Gasoline Prices Rise
The national average prices of retail diesel and gasoline rose last week, even as crude oil futures fell to an eight-week low after Hurricane Dean passed without any significant disruption to U.S. oil production.
August 27, 2007Arkansas Waives Registration Fee
Arkansas trucking companies will not have to pay a tax bill that a state agency sent mistakenly, the Associated Press reported.
August 24, 2007N.J. Wants Seat on NYC Congestion Panel
The New Jersey Senate wants a representative from that state to sit on New York City’s 17-member congestion-pricing commission, the New Jersey Star-Ledger reported.
August 24, 2007Durable Goods Orders Jump 5.9%
Durable goods orders jumped 5.9% in July, the Commerce Department said Friday.
August 24, 2007Rail, Intermodal Traffic Drop
Rail carload and intermodal freight traffic declined from a year ago for the week ended Saturday, the Association of American Railroads said Thursday.
August 23, 2007Jobless Claims Fall 2,000 for Week
Initial jobless claims fell by 2,000 to 322,000 last week, the Labor Department reported Thursday.
August 23, 2007Con-way Adopts Nationwide Business Model
Con-way Freight, the nation’s third-largest less-than-truckload carrier, said Wednesday it is abandoning the business model it has used since its founding in 1983 and reorganizing itself as a single, nationwide operating company.
Oil Steady Below $70 Following DOE Inventory Report
Oil prices were steady Wednesday following a Department of Energy report that showed increases in inventories last week, Bloomberg reported.
August 22, 2007DOT Inspector General Urges Strict Mexican-Truck Oversight
The Transportation Department needs tighter controls on Mexican truck and bus drivers with driving convictions and greater ability to inspect vehicles at the border, DOT’s inspector general’s office said Tuesday, Bloomberg reported.
August 21, 2007Diesel Rises 2.1¢ to $2.868
The U.S. average retail price of diesel fuel rose 2.1 cents to $2.868 a gallon from a week ago, the Department of Energy reported Monday.
August 21, 2007