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.
Penske Adding LED Headlights to 5,000 Semi-Trucks
Penske Truck Leasing is retrofitting 5,000 of its semi-trucks with advanced LED headlights, the company said.
December 4, 2012Mexican Port Picks Up Cargo Traffic as Strike Continues at L.A./Long Beach Ports
A Mexican port 50 miles south of the California border is picking up shipping traffic as a strike at the ports of Los Angeles and Long Beach continues, the Los Angeles Times reported Tuesday.
December 4, 2012Diesel Dips 0.7¢ to $4.027; Gasoline Drops for Seventh Time in Eight Weeks
Diesel fell 0.7 cent to $4.027 a gallon, turning around last week’s 5.8-cent gain, while gasoline fell for the seventh time in eight weeks, the Department of Energy reported.
December 4, 2012Switching to Natural Gas Brings Maintenance Challenges
ARLINGTON, Va. — Trucking companies that move to natural gas use in their fleets will have to choose engine and fuel types, modify their maintenance shops and possibly install new types of equipment, all of which will involve higher spending, executives at American Trucking Associations’ Summit on Natural Gas in Trucking said.
Eaton Completes $13 Billion Acquisition of Cooper Industries
Eaton Corp. completed a $13 billion acquisition of Ireland-based Cooper Industries, the component supplier said.
December 3, 2012Natural Gas Pricing, Performance Are Key Issues for Fleets
ARLINGTON, Va. — Some of the nation’s leading trucking executives at American Trucking Associations’ Summit on Natural Gas in Trucking said that with natural gas priced as much as $2 per gallon cheaper than diesel fuel, it can’t be ignored as an alternative fuel.
Study Says Collection Costs About Equal for All-Electronic Tolls or Fuel Taxes
The cost of all-electronic tolling is about the same as the cost of collecting fuel tax, and could result in more money available for highway infrastructure improvements, the Reason Foundation said in a study released last week.
December 3, 2012Construction Spending Jumps to Highest Level in Three Years
Construction spending rose 1.4% in October to the highest level in three years, the Commerce Department said Monday
December 3, 2012Trends’ Panel Cites NatGas Transitional Concerns
ARLINGTON, Va. — Future trends present risks for the trucking industry as it contemplates a transition toward more natural gas use, but there are also risks if the transition is not accelerated, said a trio of experts who spoke at American Trucking Associations’ Summit on Natural Gas in Trucking here Friday.
ISM Manufacturing Index Falls to Lowest Point Since 2009
U.S. manufacturing activity fell in November to the lowest point since July 2009, the Institute for Supply Management said Monday.
December 3, 2012