Oil prices are at a two-year high near $87 a barrel after jumping more than $5 last week, Bloomberg reported.
November 8, 2010Trucking 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.
TravelCenters Reports Third-Quarter Profit
Truck stop chain TravelCenters of America Monday reported a third-quarter profit, compared with a loss a year ago, citing an improved margin in fuel price per gallon.
November 8, 2010Manufacturers Raise Truck Tire Prices
North American truck tire manufacturers have imposed a new round of price increases, generally about 8%, citing higher raw material costs that coincided with greater tire sales and some reports of tire shortages.
November 8, 2010A Bipartisan Infrastructure Plan
The voters have spoken, and analysts and pundits are busily trying to explain the shifts in the political landscape that will result from the overwhelming Republican victory. But one immediate potential gain that emerged from the cacophony of chatter in the wake of the election is a chance to move transportation and infrastructure improvement programs along quickly.
November 8, 2010Wal-Marts Vow to Buy More Local Produce Wont Affect Supply Chain, Experts Say
Wal-Mart Stores Inc.s vow to double sales of locally grown produce by 2015 should win favor with U.S. consumers but wont have much effect on the worlds largest retailers supply chain, experts said.
November 8, 2010Navistar Shows Off Alabama Plant Producing Heavy-Duty Engines
HUNTSVILLE, Ala. Navistar Inc. opened its new heavy-duty engine plant to journalists last week, showing where 114 employees are currently churning out 125 13-liter MaxxForce power plants a day.
November 8, 2010Officials Want Security Review After Air Cargo Explosives Scare
The recent discovery of explosives in overseas packages is triggering a fresh look at cargo scrutiny measures that could involve truckers and airlines, government officials and experts said.
November 8, 2010Mack Seeks to Increase Sales of Over-the-Road Class 8 Trucks
LEHIGH VALLEY, Pa. Mack Trucks leadership rallied the companys sales force here, urging dealers to sell more Pinnacle highway tractors in addition to the traditional vocational offerings. The formula for success, the leaders said, would be new ClearTech SCR engines, M-Drive transmissions and a Made in the USA appeal to economic patriotism.
November 8, 2010Teamsters Approve Plan to Extend YRC Pay Cuts
Teamsters union employees at YRC Worldwide Inc. approved by a wide margin a third round of wage and pension concessions to buoy the less-than-truckload carriers financial future, by providing a $350 million annual cost reduction.
November 8, 2010ABF Fights Concessions Given by Union to YRC
ABF Freight System launched a two-pronged offensive against Teamsters union labor concessions for YRC Worldwide, saying the breaks for YRC violate the terms of the National Master Freight Agreement and unfairly disadvantage ABF to the tune of $750 million.
November 8, 2010Trending
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