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.
Several Northeast States Take Steps Toward Privatized Highways, New Tolls
As the federal government moved last week to help states promote private transportation investment, several states in the Northeast took initial steps toward adding toll roads or privatizing existing highways.
Penske Logistics to Close Ohio Terminal in March
Penske Logistics plans to close a trucking terminal in Richfield, Ohio, and lay off 92 employees by the end of March, the Cleveland Plain Dealer reported Friday.
January 19, 2007TTNews.com to Close Monday for MLK Holiday
TTNews.com will be closed Monday for the Martin Luther King Jr. Day holiday. Please check back on Tuesday, Jan. 22, for the latest trucking and freight transportation news.
January 18, 2007Oil Dips Below $50 a Barrel for First Time Since May 2005
Crude oil prices plunged to below $50 a barrel Thursday following a Department of Energy report that showed stronger inventories of crude oil, gasoline and distillates, which include diesel.
January 18, 2007Philadelphia Factory Index Rises for January
Manufacturing levels in the Philadelphia area improved this month as orders and sales improved, the Federal Reserve Bank of Philadelphia said Thursday.
January 18, 2007Consumer Price Index Rises 0.5% in December
U.S. consumer prices rose 0.5% in December, the most since April, following no change in November, the Labor Department said Thursday.
January 18, 2007New Housing Starts Jump 4.5% in December
U.S. new housing starts jumped 4.5% in December as builders took advantage of warmer weather, the Commerce Department said Thursday.
January 18, 2007Ceva Logistics Appoints John Pattullo CEO
Ceva Logistics said Thursday that it named John Pattullo chief executive officer of the company.
January 18, 2007Fed ‘Beige Book’ Report Reports Weaker Trucking Demand
The Federal Reserve said Wednesday that its 12 district banks reported a moderate pace of growth and inflation late last year as labor markets tightened, and several regional banks reported softer trucking demand.
January 18, 2007ATA Names New America’s Road Team for 2007-2008
American Trucking Associations Wednesday named the members of the 2007-2008 America’s Road Team, an elite group of drivers who have driven millions of miles safely and will serve as trucking ambassadors for the next two years.
January 17, 2007