Trucking Business News

About 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.

Government, Business, Safety, Fuel

Diesel Average Increases 3.7¢; Crude Briefly Tops $100

The average price of diesel fuel rose 3.7 cents to $3.345 a gallon last week while the price of crude oil pushed past $100 a barrel for the first time, which analysts said would soon lead to higher fuel prices.

January 7, 2008
Business, Safety, Government

Dorgan Blasts DOT Over Cross-Border Trucking

One of the most vocal congressional critics of a plan to grant Mexican trucks access to U.S. highways as part of a yearlong pilot project blasted the Department of Transportation in a letter, accusing DOT of ignoring Congressional intent in continuing the test.

January 4, 2008
Business

Unemployment Rate Rises to 5%

The unemployment rate rose to a two-year high of 5% in December from 4.7% in November, while payrolls rose by 18,000 jobs, the smallest gain since August, the Labor Department said Friday.

January 4, 2008
Business, Safety

Rail, Intermodal Traffic Drop

Rail carload and intermodal traffic fell sharply for last week of 2007 compared with the same week a year earlier, the Association of American Railroads said.

January 4, 2008
Business, Government, Fuel

Oil Tops $100 Before Receding

Crude oil prices topped $100 Thursday before receding to close at $99.18 a barrel, short of Wednesday’s closing-price record, Bloomberg reported.

January 3, 2008
Government, Business, Safety, Logistics

ATRI, FMCSA Co-Hosting Online Safety Forum Tuesday

The Federal Motor Carrier Safety Administration and the American Transportation Research Institute will co-host the latest in a series of national online forums that provide peer-to-peer industry insights on safety technologies on Tuesday, Jan. 8.

January 3, 2008
Business

Jobless Claims Fall 21,000 for Week

Initial jobless claims plunged by 21,000 for the week ended Saturday to 336,000, the Labor Department said Thursday.

January 3, 2008
Business, Safety, Government

Texas Transportation Commissioner Williamson Dies

Texas Transportation Commission Chairman and former longtime state lawmaker Ric Williamson died Sunday of an apparent heart attack, the Associated Press reported. He was 55.

January 3, 2008
Business, Government

California Sues EPA on Greenhouse Gas Regs

California sued the U.S. Environmental Protection Agency Wednesday for denying the state’s “greenhouse gas” limits on cars and trucks, the Associated Press reported.

January 2, 2008
Business, Fuel

Crude Oil Hits $100 a Barrel

Crude oil futures hit $100 a barrel Wednesday for the first time, as global petroleum demand continued to outstrip supplies, the Associated Press reported.

January 2, 2008