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.

Business

Jobless Claims Dip for Week

Initial jobless claims dipped by 1,000 last week to 404,000, the Labor Department said Thursday.

October 13, 2011

Best Carrier TMS Software in 2024: How to Choose

Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.

Business

I-64 Bridge Linking Indiana, Kentucky To Close for Six Months of Repairs

The Interstate 64 bridge spanning the Ohio River between Louisville, Ky., and southern Indiana must be closed for six months, transportation officials said.

October 12, 2011
Business, Fuel

DOE Lowers 2011 Diesel Price Forecast to $3.80 a Gallon

The Department of Energy lowered its 2011 diesel price forecast by a nickel to $3.80 a gallon and lowered its 2012 forecast by 14 cents, to $3.73, reflecting recent declines in oil prices.

October 12, 2011
Business, Technology

iTECH: Carriers Undeterred by EOBR Delay

Despite a federal appellate court ruling tossing out a new mandate that would eventually have required all motor carriers to install electronic on-board recorders in their vehicles, several fleets said they would press forward with their plans to add the devices.

October 12, 2011
Business

Celadon Buys 6.3% Stake in USA Truck

Celadon Group has bought a 6.3% stake in fellow truckload carrier USA Truck, the Associated Press reported, citing a Celadon regulatory filing.

October 12, 2011
Business

Port of L.A. Won’t Appeal Decision Rejecting Owner-Operator Ban

The Port of Los Angeles said it will not appeal a decision by the U.S. 9th Circuit Court of Appeals that rejected the port’s plan to ban independent truckers from drayage operations there.

Eric Miller | Senior Reporter
October 12, 2011
Business, Logistics

Schneider Launches Canadian Intermodal Service

Schneider National has launched a new intermodal Canadian border-crossing service for North American shippers.

October 12, 2011
Business, Fuel

Diesel Drops 2.8¢ to $3.721 in Fifth Decline

Diesel fell for a fifth straight week, dropping 2.8 cents to $3.721 a gallon, while gasoline also slipped for a fifth week, the Department of Energy said Tuesday.

October 12, 2011
Business, Logistics

Clark Holdings Shareholders to Vote on Buyout

Logistics firm Clark Holdings is planning a special shareholders meeting to vote on a $5 million buyout proposal from Gores Group.

October 12, 2011
Government, Business

Teamsters, Safety Groups Press Obama on HOS Changes

Highway safety advocates and the Teamsters union have written to President Obama asking him to “expeditiously more forward” on the new hours of service rule proposed by the Federal Motor Carrier Safety Administration.

Michele Fuetsch | Staff Reporter
October 11, 2011