Trucking Business News

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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.

BusinessFuel

Diesel Fuel Jumps 8¢ to $3.801 a Gallon; Gasoline Price Gains 5.9¢ to $3.476

Diesel’s national average pump price jumped 8 cents to $3.801 a gallon, turning around five weeks of declines, while gasoline also increased, the Department of Energy said.

October 18, 2011
Business

Producer Prices Increase in September

Prices paid to U.S. producers rose 0.8% in September, the largest gain in five months, the Labor Department said Tuesday.

October 18, 2011
BusinessTechnology

iTECH: Fleets Boost Spending on Technology Upgrades

With freight and revenue rebounding, some motor carrier executives are dusting off their checkbooks and making significant information technology purchases, fleet and technology company officials have said.

October 18, 2011
BusinessEquipment

Selleck Takes Chairman/President Post at Michelin North America

Pete Selleck has assumed his posts of chairman and president of Michelin North America, succeeding Richard Wilkerson, who is retiring, the tire manufacturer said Monday.

October 17, 2011
Business

ATA’s Graves Sees ‘Inviting, Long Road Ahead for Trucking’

GRAPEVINE, Texas — American Trucking Associations President Bill Graves said at ATA’s annual convention that despite prevailing political and economic uncertainty, the United States and the trucking industry are poised for better days ahead.

October 17, 2011
GovernmentBusiness

Obama Expedites Tappan Zee Bridge Replacement Plan in N.Y.

Replacement work on the Tappan Zee Bridge across the Hudson River north of New York City could begin as early as next year under a federal program to expedite large infrastructure projects.

October 17, 2011
Business

Industrial Production Rises for Fifth Month

Industrial production rose for a fifth straight month in September, led by a gain in automobile output, the Federal Reserve said Monday.

October 17, 2011
Business

Russell Gerdin, Founder of Heartland Express, Dies at 70

Russell Gerdin, the founder and former chairman and CEO of Heartland Express Inc., died Friday at the age of 70.

October 17, 2011
GovernmentBusiness

U.S. Exporters, ATA Welcome Mexican Carrier’s Operating Clearance

The Federal Motor Carrier Safety Administration’s decision to allow a Mexico-based carrier to operate in the United States received praise from U.S. groups whose exports to Mexico will soon be free from retaliatory tariffs.

October 17, 2011
Business

N.Y. Manufacturing Index Contracts for Fifth Month

Manufacturing activity in the New York region contracted in October for a fifth straight month, the Federal Reserve Bank of New York said Monday.

October 17, 2011