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.
Volvo’s North American Sales Drop 2%
Volvo AB said deliveries by its four truck brands rose 2% worldwide in July, but fell by 2% in North America, Bloomberg reported Wednesday.
August 27, 2008Chicago’s O’Hare Conducts Mobile Cargo Screening
The Transportation Security Administration for the first time has used a mobile X-ray machine capable of screening contents of large cargo containers to check trucks entering Chicago’s O’Hare International Airport, the Associated Press reported.
August 27, 2008Durable Goods Orders Rise 1.3% in July
Durable goods orders rose 1.3% in July, the Commerce Department said Wednesday.
August 27, 2008Diesel Falls 6.2¢ to $4.145 a Gallon
The average national price of retail diesel fuel continued its downward trend, falling 6.2 cents to $4.145 a gallon, the Department of Energy said Monday.
August 26, 2008Opinion: Outsourcing — Trucking’s Elephant in the Room
The transportation industry is in a dangerous place, one where even well-known industry players such as Jevic Transportation, which closed its doors in May, and Jim Palmer Trucking, which filed for Chapter 11 bankruptcy protection in July, can go under — taking their employees with them.
August 26, 2008New Home Sales Rebound in July
New home sales rose in July from a 17-year low the previous month, the Commerce Department said Wednesday.
August 26, 2008Consumer Confidence Rises in August
Consumer confidence rose in August, as fuel prices fell as gasoline prices fell, the New York-based Conference Board said Tuesday.
August 26, 2008Oil Gains on Concern Over New Hurricane
Oil prices rose early Tuesday on concerns that newly formed Hurricane Gustav may be on track to move into the Gulf of Mexico, the Associated Press reported.
August 26, 2008Detroit Diesel Revamps Web Site
Engine maker Detroit Diesel Corp. said Monday it has revamped its Web site, making it easier to find Detroit Diesel products, services and dealers.
August 25, 2008Freightliner to Offer Meritor WABCO System
Freightliner Trucks, part of Daimler Trucks North America, said it will offer Meritor WABCO’s new automatic forward-collision warning and braking system on its models Cascadia and Century Class S/T tractors.
August 25, 2008