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.

Business

Fed Says Higher Rates Possible

Federal Reserve officials agreed that higher interest rates may still be necessary even as they held the benchmark rate at 5.25% last month, according to minutes of the meeting released Wednesday.

April 11, 2007
Business, Fuel, Government

Oil Rises Following DOE Report

Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department’s weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.

April 11, 2007
Business

Networkcar Names New President

Wireless vehicle management firm Networkcar said Wednesday it has appointed Keith Schneider president, effective this week.

April 11, 2007
Business, Government, Safety

FMCSA’s New-Carrier Program Criticized

April 11, 2007
Fuel, Business, Government

Fuel Averages to Hit Records

Retail diesel prices will average $2.82 a gallon this summer, down 6 cents from last summer, but the average price for the full year will be the highest on record, the Department of Energy said.

April 11, 2007
Business, Safety, Autonomous

Letters to the Editor: Maintenance Issues; Heavier Trucks

April 11, 2007
Business, Equipment

Cummins Crosspoint Workers End Strike

Employees of a distributor for diesel engine maker Cummins Inc. went back to work Monday after ending a week-long strike, the Associated Press reported.

April 10, 2007
Fuel, Business, Government

Diesel Climbs 5¢ to $2.84

The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last week’s 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.

April 10, 2007