Oil rose to a four-month high Friday, closing the trading week at $99 a barrel following the Federal Reserve’s announcement that it will take additional steps to boost the U.S. economy, Bloomberg reported.
September 14, 2012Trucking Business News
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.
Truckload Driver Turnover Surges
Driver turnover at large truckload carriers reached 106% in the second quarter — the highest level since the final quarter of 2007 — as fleets looked for staff to move modestly higher freight volumes this year, American Trucking Associations reported.
September 17, 2012Experts Say Aging, Staff Needs Driving Fleet Merger Frenzy
NEW YORK — Aging fleet owners, struggling small carriers and the never-ending search for enough qualified drivers are combining to heat up the trucking acquisition market this year, according to industry executives and experts.
September 17, 2012Werner Enterprises Tests Natural Gas Engines; Paper Transport Reports Favorable Results
COLUMBUS, Ind. — Trucking’s experiment with natural gas engines continues to expand, as another major truckload fleet said it was testing the fuel, and a medium-size fleet already reported significantly favorable results in regional and local shipping.
September 17, 2012Diesel Rises 0.5¢ to $4.132; Gasoline Inches Up 0.4¢
Retail diesel prices in the United States rose 0.5 cent to $4.132 a gallon last week, the Department of Energy reported, for its 10th straight gain.
September 17, 2012Werner Says 3Q Profit to Lag Estimates
Werner Enterprises said its third-quarter earnings will be between $24.2 million and $26.4 million, lagging behind estimates.
September 14, 2012Consumer Confidence Rises in September
Consumer confidence rose in September, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
September 14, 2012Business Inventories Rise by Most in Six Months
Business inventories rose 0.8% in July, the biggest increase in six months, the Commerce Department said Friday.
September 14, 2012Industrial Production Declines 1.2% in August
Industrial production declined by 1.2% in August, the biggest drop since March 2009, the Federal Reserve said Friday.
September 14, 2012Retail Sales Improve 0.9% in August
Retail sales increased 0.9% in August, the Commerce Department said Friday.
September 14, 2012Trending
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