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.
Factory Orders Dip 0.2% in August
Factory orders declined 0.2% in August as vehicle bookings decreased, the Commerce Department said Tuesday.
October 4, 2011Diesel Falls 3.7¢ to $3.749 in Fourth Straight Decline; Gas Drops 7.6¢ to $3.433
Diesel fell for a fourth week, declining 3.7 cents to $3.749 a gallon, its lowest level since February, while gasoline dropped 7.6 cents, the Department of Energy said Monday.
October 4, 2011Navistar-Caterpillar Trucking Joint-Venture Becomes Navistar Unit
The trucking joint-venture between Navistar Inc. and Caterpillar Inc. will become a Navistar subsidiary, the two companies said.
October 3, 2011Construction Spending Rebounds in August
Construction spending rose 1.4% in August, turning around a decline of the same size in July, the Commerce Department said Monday.
October 3, 2011ISM Manufacturing Index Rises
U.S. manufacturing activity rose in September, showing continued expansion for the 26th consecutive month, the Institute for Supply Management said Monday.
October 3, 2011Clean Energy Building CNG Fueling Station for Saddle Creek
Clean Energy Fuels said Monday it has signed a 10-year contract with third-party logistics provider Saddle Creek Transportation to build, operate and maintain a new compressed natural gas truck fueling station at Saddle Creek’s Lakeland, Fla. headquarters.
October 3, 2011Court Rejects Owner-Operator L.A. Port Ban
A federal appeals court has rejected the Port of Los Angeles’ plan to ban independent truckers from drayage operations, a major victory for American Trucking Associations after a three-year legal fight.
October 3, 2011Con-way Freight, YRC Unveil Smart-Phone Apps
Con-way Freight and YRC have launched new smart-phone applications for their shippers.
October 3, 2011Transportation Committee Leadership Vows to Block Any Cut in Truck Drivers’ Hours
House transportation committee leaders told President Obama they will “aggressively” work to block any changes in hours-of-service rules that would cut drivers’ hours.
October 3, 2011Oil Falls Below $78 a Barrel After Closing at One-Year Low
Oil fell early Monday after closing Friday at a one-year low $79.20 a barrel, Bloomberg reported.
October 3, 2011