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.
Greatwide Logistics Names John Tague Its New CEO
Transportation company Greatwide Logistics Services said it has appointed John Tague its new CEO.
July 13, 2011TT Podcasts: RoadSigns
Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
Menlo Worldwide Logistics Expanding Presence in Singapore
Menlo Worldwide Logistics said Tuesday it is expanding its presence in Singapore.
July 13, 2011Cummins’ 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, 2011DOE’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, 2011Diesel 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, 2011U.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, 2011Cummins 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, 2011YRC 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, 2011Prophesy 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, 2011Daimler to Provide Financing to U.S. Mitsubishi Fuso Dealers, Customers
Daimler Truck Financial said Monday it will begin providing financial products and services for more than 175 U.S. Mitsubishi Fuso Truck of America dealers and their customers.
July 11, 2011