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.
Oil Falls to Below $66 a Barrel
Crude oil fell more than $5 to below $66 a barrel Wednesday following an Energy Department report that showed an unexpected increase in gasoline inventories last week, Bloomberg reported.
November 5, 2008Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
Obama Eyes Infrastructure Spending to Stimulate Economy
President-elect Barack Obama may put spending on roads and bridges at the top of his agenda for stimulating U.S. economic growth, Bloomberg reported Wednesday.
November 5, 2008Ohio Carriers Protest Hikes in Overweight-Truck Fees
Trucking firms and agriculture interests, along with the City of Toledo, Ohio, are protesting a big hike in state fees for overweight vehicles, the Toledo Blade newspaper reported Wednesday.
November 5, 2008ISM Services Index Slips Into Contraction
The U.S. economy’s service sector declined in October, the Institute for Supply Management said Wednesday.
November 5, 2008Letters to the Editor: LTL Reweighing; DOE’s Fuel Surveys; TWIC: Why Bother?; Limit Cars, Not Rigs; Goodbye, California
The letter writer who commented on less-than-truckload reweighing in the Oct. 13 issue of Transport Topics has led a sheltered experience in the trucking industry.
November 5, 2008Con-way to Close 40 Terminals
Con-way Inc. said it will close 40 truck terminals to streamline its operations and save $30 million to $40 million per year.
November 4, 2008Expeditors’ 3Q Income Improves
Logistics firm Expeditors International of Washington said its third-quarter net income rose 15% to $85.5 million, or 39 cents a share, from $74.3 million, or 34 cents, a year ago.
November 4, 2008Diesel Falls Another 20¢ to $3.088
Diesel fuel’s national average pump price continued its almost four-month decline, dropping 20 cents to $3.088 a gallon, the Energy Department said Monday.
November 4, 2008U.S. Auto Sales Drop Sharply in October
U.S. auto sales fell sharply in October, Bloomberg reported.
November 4, 2008SCR Group Urges Strict Urea Guidelines
When heavy-duty engines with selective catalytic reduction technology start rolling in 2010, truckers refilling their trucks’ urea tanks will need to follow strict guidelines to protect the product’s purity to avoid damaging the aftertreatment system, urea experts said.
November 3, 2008