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 Increases to $4.727 a Gallon
The average retail price of diesel jumped 8.2 cents to $4.727 a gallon last week, more than wiping out the entire 7.8-cent drop in the price of trucking’s main fuel over the previous five weeks, the Department of Energy reported July 7.
July 14, 2008Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
ATA Asks Lawmakers to Take Steps to Lower Fuel Prices
American Trucking Associations asked Congress to implement a comprehensive plan to address the soaring price of diesel fuel and ensures an affordable fuel supply for the nation’s 3.5 million truck drivers.
July 11, 2008Oil Tops $147 a Barrel; Closes Week Over $145
Crude oil reached a record Friday, jumping $5 to top $147 a barrel for the first time, before retreating to finish the trading week at just over $145, the Associated Press reported.
July 11, 2008DOT Gives Wisconsin $1 Million to Repair Flood-Damaged Roads
The Department of Transportation said Friday it is making $1 million available immediately to Wisconsin to help pay for urgent repairs to roads and bridges damaged by recent floods.
July 11, 2008EPA Defers Action on Greenhouse Gas Emissions
The Bush administration rejected regulating greenhouse gases, saying it would cripple the U.S. economy, and effectively moved the issue to a future administration, the Associated Press reported Friday.
July 11, 2008Jim Palmer Trucking Filing for Bankruptcy
Missoula, Mont.-based Jim Palmer Trucking plans to file for Chapter 11 bankruptcy protection, following similar filings by two of its subsidiaries, the Associated Press reported Friday
July 11, 2008Consumer Sentiment Index Remains Low
U.S. consumer confidence gained slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
July 11, 2008Import Prices Rise 2.6% in June
The price of goods imported to the United States jumped 2.6% in June, the Labor Department said Friday.
July 11, 2008Rail, Intermodal Traffic Gain for Week
Rail and intermodal traffic improved last week compared with a year ago, the Association of American Railroads said Thursday.
July 10, 2008Jobless Claims Fall 58,000 for Week
Initial jobless claims fell by 58,000 last week, the Labor Department said Thursday.
July 10, 2008