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.
Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.April 11, 2007
Wireless vehicle management firm Networkcar said Wednesday it has appointed Keith Schneider president, effective this week.April 11, 2007
By Sean McNally, Senior Reporter
This story appears in the April 9 print edition of Transport Topics. Click here to subscribe today.April 11, 2007
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April 11, 2007
Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.April 11, 2007
By Sean McNally, Senior ReporterApril 11, 2007
These letters appear in the April 9 print edition of Transport Topics. Click here to subscribe today.
Maintenance IssuesApril 11, 2007
Employees of a distributor for diesel engine maker Cummins Inc. went back to work Monday after ending a week-long strike, the Associated Press reported.April 10, 2007
The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last week’s 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.April 10, 2007
The Justice Department said Tuesday it will not oppose a proposal by the National Association of Small Trucking Companies to conduct an operational and financial survey of small- and medium-sized trucking firms.April 10, 2007