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.
Diesel Price Rises 3.9¢ to $3.573 a Gallon
U.S. retail diesel prices continued to climb last week, rising 3.9 cents a gallon to $3.573, the Department of Energy reported, as crude oil topped $100 a barrel for the first time since October 2008.
February 28, 2011Intermodal Traffic Grows 16.9% for Week
Intermodal traffic rose 16.9% last week from a year ago, the Association of American Railroads reported.
February 25, 2011TransForce Reports Higher 4Q Earnings
TransForce Inc., Canada's largest trucking company, said Friday it had a forth-quarter profit of C$35.6 million on higher revenue from its package delivery and specialized service segments, Reuters reported.
February 25, 2011Consumer Confidence Hits 3-Year High
Consumer confidence rose to a three-year high in February, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 25, 2011Texas Cuts Truck Tolls on Highways near Austin
The Texas Transportation Commission has voted to lower truck tolls on two Austin-area highways in an attempt to encourage trucks to use them.
February 25, 2011Fourth-Quarter GDP Revised Down to 2.8%
U.S. gross domestic product rose at a 2.8% annual rate in the third quarter, a smaller rate than the previous estimate, the Commerce Department said Friday.
February 25, 2011GM Reports Profit for Quarter, Year
General Motors Co. reported a profit Thursday of $510 million for the fourth quarter and a full-year profit of $4.7 billion for 2010, the first profitable year for the company since 2004.
February 24, 2011Mullen Group Profit Jumps in 4Q
Canadian transportation firm Mullen Group Thursday posted a fourth-quarter profit of C$33.2 million, or 42 cents per share, compared with C$11.1 million, or 14 cents, a year before.
February 24, 2011Frozen Food Express CEO to Retire
Stoney “Mit” Stubbs Jr., CEO of Frozen Food Express Industries, will retire Monday, the company said.
February 24, 2011New Home Sales Drop 13% in January
New home sales decreased 13% in January, the Commerce Department said Thursday.
February 24, 2011