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

Imported Goods Prices Fall for First Time in a Year

The price of goods imported to the United States fell 0.5% in June, the first decline in a year, the Labor Department said Wednesday.

July 13, 2011

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Business

Greatwide Logistics Names John Tague Its New CEO

Transportation company Greatwide Logistics Services said it has appointed John Tague its new CEO.

July 13, 2011
Business, Logistics

Menlo Worldwide Logistics Expanding Presence in Singapore

Menlo Worldwide Logistics said Tuesday it is expanding its presence in Singapore.

July 13, 2011
Business, Equipment

Cummins’ CEO Solso to Retire; Linebarger Named Successor

Truck engine maker Cummins Inc. said late Tuesday that Chairman and CEO Tim Solso will retire at the end of the year.

July 13, 2011
Business, Fuel

DOE’s Diesel Price Forecast Dips a Penny to $3.86 a Gallon

Diesel fuel will average $3.86 per gallon this year and $3.95 in 2012, the Department of Energy said, in line with its most recent forecast.

July 12, 2011
Business, Logistics, Fuel, Government

Diesel Rises 4.9¢ to $3.899 in Biggest Gain Since Mid-April

Diesel’s national average retail price rose almost a nickel, gaining 4.9 cents to $3.899 a gallon, the biggest increase since mid-April, the Department of Energy said.

July 12, 2011
Business

U.S. Trade Deficit Hits Highest Level Since 2008

The U.S. trade deficit spiked 15% in May to its highest level since October 2008, the Commerce Department said Tuesday.

July 12, 2011
Business, Equipment

Cummins Boosting Dividend

Diesel engine maker Cummins Inc. said Tuesday it will boost its dividend to 40 cents per share, from 26.25 cents per share, effective Sept. 1.

July 12, 2011
Business

YRC Gains New $400 Million Asset-Based Loan

YRC Worldwide said Monday it has obtained commitments for a three-year, $400 million asset-based loan that will replace its existing asset-backed securitization facility.

July 11, 2011
Business

Prophesy Dispatch Works With PC Miler Version 25

Prophesy Transportation Solutions said its Prophesy Dispatch system is compatible with ALK Technologies Inc.’s new PC Miler Version 25.

July 11, 2011