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.
Wholesale inventories jumped 1.3% in November as sales rebounded from two consecutive declines, rising 1%, the Commerce Department said Wednesday.January 10, 2007
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The U.S. trade deficit narrowed in November to its smallest level since July 2005 and, as exports reached a record and oil imports declined, the Commerce Department reported Wednesday.January 10, 2007
The Department of Homeland Security said Tuesday it will grant $445 million for fiscal year 2007 to protect critical infrastructure, including ports and transit systems.January 10, 2007
Highway Watch Report Leads to Arrest • McMurray Named FMCSA’s Chief Safety Officer • Mass. Trucking Company Files Complaint Against FMCSA • Survey Cites Drivers’ HOS Compliance Concerns • And more...January 10, 2007
The Federal Motor Carrier Safety Administration said late Tuesday that it will announce a proposed rule regarding electronic on-board recorders for commercial trucks and buses on Thursday morning.January 10, 2007
Crude oil futures hit a 19-month low price, closing at $54.02 a barrel on the New York Mercantile Exchange Wednesday following a Department of Energy report showing strong heating-oil inventories, Bloomberg reported.January 10, 2007
The American Transportation Research Institute issued a final call Tuesday for motor carrier safety data to measure the effects of the federal hours-of-service rule’s split sleeper-berth provisions.January 9, 2007
Less-than-truckload carrier YRC Regional Transportation said late Monday that its USF Bestway and USF Reddaway units will consolidate into one organization under the USF Reddaway brand.January 9, 2007
The average retail price of diesel fuel dropped 4.3 cents to $2.537 a gallon, the Department of Energy reported Monday.January 9, 2007
Wachovia Capital Markets upgraded the U.S. trucking sector to “market weight” from “underweight,” citing opportunities for investors to be more constructive ahead of the next upturn, Reuters reported.January 9, 2007