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.
Truck Tonnage Rises 5.7% in October
Truck tonnage rose 5.7% in October from a year ago, the 23rd consecutive month of year-over-year growth, American Trucking Associations said Tuesday.
November 22, 2011Diesel Tops $4 for First Time Since May; Gasoline Drops 6.8¢ to $3.368 a Gallon
Diesel rose 2.3 cents to $4.01 a gallon, the first time it has topped $4 in more than six months, the Department of Energy reported.
November 22, 2011LaHood Hits Deficit Panel
U.S. Transportation Secretary Ray LaHood said the nation could face cuts in transportation infrastructure funding after the Congressional supercommittee’s failure to reach an agreement on deficit reduction.
November 22, 2011ABF Eyes Acquisition, New Services, Incoming President Slagle Says
ATLANTA — ABF Freight System is evaluating the addition of new service offerings and a possible acquisition at the corporate level, the incoming president of the less-than-truckload carrier said here last week.
November 22, 2011Washington DOT Keeps Authority to Set Toll Rates
The Washington State Department of Transportation will continue to be allowed to set toll rates without legislative approval after voters narrowly rejected a measure that would have restricted toll changes.
November 22, 2011FedEx Orders 100 New Step-In Vans
FedEx Express said it has purchased 100 Reach model walk-in vans with composite materials made by Isuzu Commercial Truck of America and bodybuilder Utilimaster Corp.
November 22, 2011Hoffa Wins Third Term as Teamsters’ President
James Hoffa was re-elected to another five-year term as head of the Teamsters union, winning about 60% of the vote, the union said on its website.
November 21, 2011Existing Home Sales Rise in October
Existing home sales rose 1.4% in October, the National Association of Realtors said Monday.
November 21, 2011California Amends Drayage Rule
The California Air Resources Board said it has amended its port drayage regulation to include Class 7 trucks and make “dray-off” illegal.
November 21, 2011Daimler, MAN Step Up China, India Presence
Daimler AG and MAN SE have stepped up their presence in China and India, respectively, Bloomberg reported Monday.
November 21, 2011