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.

Government, Business

N.C. Approves Governor’s Funding Plan, Reallocates State Road Money

North Carolina lawmakers gave final approval to Gov. Pat McCrory’s transportation reform bill, a measure that changes how road funding money is distributed in the state.

Michele Fuetsch | Staff Reporter
June 25, 2013
Business

Penske Truck Leasing Orders 100 CNG Freightliner Tractors

Penske Truck Leasing today said Tuesday it has ordered 100 compressed natural gas Freightliner Cascadia tractors equipped with Cummins Westport 12-liter engines.

June 25, 2013
Business

OEMs to Display AltFuel Trucks, Talk Technology at This Week’s ACT Expo

Truck original equipment manufacturers are scheduled to display units powered by alternative fuels at this week’s Alternative Clean Transportation Expo in Washington.

June 25, 2013
Business

Navistar’s CFO Stepping Down

Truck and engine maker Navistar International Corp. said Chief Financial Officer Andrew Cederoth will leave the company by the end of June.

June 25, 2013
Business

New Home Sales Rise 2.1% to Five-Year High

New home sales rose 2.1% to an almost five-year high in May, the Commerce Department reported Tuesday.

June 25, 2013
Business, Government, Logistics

Consumer Confidence Rises in June

Consumer confidence rose in June, the New York-based Conference Board said Tuesday.

June 25, 2013
Business, Fuel

Diesel Dips 0.3¢ to $3.838 a Gallon; Gasoline Drops 4.9¢ to $3.577

Diesel declined for a fifth straight week, dipping 0.3 cent to $3.838 a gallon, while gasoline fell by almost a nickel, the Department of Energy reported.

June 25, 2013
Government, Business

Hostess Returns Under New Management

Hostess is back under new management and leaner structure and says it plans to have Twinkies and its other snacks on shelves by July 15, the Associated Press reported.

June 25, 2013
Business

Durable Goods Orders Gain 3.6% in May

Durable goods orders rose 3.6% in May, the Commerce Department said Tuesday.

June 25, 2013
Business

PeopleNet, Motorola Partner on Mobile Fleet Management

PeopleNet Communications Corp. has begun offering its fleet management applications on handheld mobile computers from Motorola Solutions Inc., expanding the lineup of rugged handheld devices compatible with its platform.

June 25, 2013