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.

FuelBusinessGovernment

U.S. Refineries Restricting Diesel Supplies

U.S. diesel prices roared past gasoline in September, reversing the historic pattern because rising demand for diesel, coupled with the weak dollar, has led refiners to export the fuel even as their use of refinery capacity is at a four-year low, according to market experts.

June 2, 2008
GovernmentBusiness

Weak U.S. Dollar Boosting Export Freight

NEW YORK — U.S. freight carriers are reaping benefits from the weaker dollar as export shipments climb within North America and overseas.

June 2, 2008
BusinessSafety

Tonnage Up 2% in April for Sixth Consecutive Month

U.S. truck tonnage rose 2% in April from a year ago, the sixth straight increase in monthly volumes, according to a preliminary report from American Trucking Associations.

June 2, 2008
GovernmentBusinessSafetyLogisticsFuel

Diesel Soars Another 22.6¢ to Record $4.723

Diesel continued to soar last week, jumping 22.6 cents to put the national average retail price at an unprecedented $4.723 a gallon, according to the Department of Energy.

June 2, 2008
BusinessGovernment

U.S. Trade Deficit Widens, Commerce Says

The <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />U.S. trade deficit expanded in April for the second straight month following seven declines, as exports dropped to the lowest level in almost three years, the Commerce Department said Wednesday.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

June 1, 2008
FuelGovernmentBusinessSafety

Bill Would Require Ships to Use Clean Fuel

Emissions from cargo ships would be reduced under legislation that passed the Senate Environment and Public Works Committee, the Associated Press reported.

May 30, 2008
BusinessEquipment

Tom Linebarger Named Cummins’ Next President

Diesel engine maker Cummins Inc. said it named Tom Linebarger to replace Joe Loughrey as the company’s president and chief operating officer, effective Aug. 1.

May 30, 2008
BusinessGovernment

Consumer Sentiment Index Declines

U.S. consumer confidence fell to a 28-year low in May, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

May 30, 2008
BusinessLogisticsGovernment

Chicago Manufacturing Index Shows Contraction

Manufacturing activity in the Chicago region improved in May but showed contraction showed for a fourth straight month, the National Association of Purchasing Management said Friday.

May 30, 2008
BusinessFuel

Feds Probing Oil Markets, Journal Says

Federal regulators disclosed a sweeping probe into U.S. oil-market trading and said they were expanding surveillance of energy markets, the Wall Street Journal reported Friday.

May 30, 2008