Retail sales improved for a sixth straight month in December, rising 0.6%, the Commerce Department said Friday.
January 14, 2011Trucking 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.
Oil Finishes Week Over $91 a Barrel
Oil finished the week over $91 a barrel, up more than $3 from last Friday, Bloomberg reported.
January 14, 2011Industrial Production Rises 0.8%
Industrial production rose 0.8% in December, the Federal Reserve said Friday.
January 14, 2011Consumer Confidence Slips from Six-Month High
Consumer confidence slipped from a six-month high this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
January 14, 2011C.R. England Intermodal Continues to Add Technology
Truckload carrier C.R. England said it is moving forward with more technology deployment in its intermodal unit, most recently by ordering more than 600 tracking modules for its fleet of refrigerated intermodal trailers and containers.
January 14, 2011U.S. Warehouse Study Finds Wide Range of Operating Costs
U.S. warehouse operating costs last year varied widely, ranging from the most expensive in the San Jose, Calif., area to the lowest price in Sioux Falls, S.D., a new study found.
January 14, 2011Intermodal Traffic Rises 8.6% for Week
Intermodal traffic rose 8.6% in the week ended Saturday compared with the first week of 2010, the Association of American Railroads reported.
January 14, 2011Fuel Economy, Driver Issues Lead Fleets to Automatic Transmissions, Study Finds
Concerns about fuel efficiency and the need to attract new drivers to the industry continue to put pressure on heavy- and medium-duty fleets in North America and Western Europe to adopt manual automated and fully automatic transmissions for their vehicles, according to a study from consulting firm Frost & Sullivan.
January 13, 2011Odyssey Logistics & Technology Acquires Optimodal Inc. to Add Intermodal Option
Third-party logistics provider Odyssey Logistics & Technology Corp. said Jan. 11 it has acquired Optimodal Inc. to expand intermodal service options in North America for containerized chemicals shipments.
January 13, 2011Garmin Unveils New Trucker GPS Units
Satellite navigation provider Garmin Inc., Olathe, Kan., on Jan. 9 unveiled its latest navigation handheld device for truck drivers.
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