Trucking 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.
Interest Groups Fault FMCSA on Truck Safety
A coalition of trucking safety groups issued a report this week giving poor grades to the Federal Motor Carrier Safety Administration for failing to do enough to reduce large truck-related fatalities.
March 13, 2007Public Citizen Sues FMCSA Over Mexican Truck Plan
Safety-watchdog group Public Citizen said Tuesday it sued the Federal Motor Carrier Safety Administration on behalf of a highway safety organization to compel the agency to release information about recent decision to allow Mexican trucks onto U.S. highways.
March 13, 2007Diesel Rises 5.9 Cents to $2.685 a Gallon in Sixth Straight Gain
The average national price of diesel fuel gained another 5.9 cents from last week in rising to $2.685 a gallon, a sixth straight increase, the Department of Energy said Monday.
March 13, 2007Business Inventories Gain 0.2% in January
U.S. business inventories rose 0.2% in January, but sales declined by the most in four months, the Commerce Department said Tuesday.
March 13, 2007Retail Sales Rise 0.1% in February
U.S. retail sales rose 0.1% in February, the Commerce Department reported Tuesday.
March 13, 2007New Hill Faces Emerge After November Shake-up
WASHINGTON — After more than a decade in the minority — and the past six years relegated to near-obscurity behind a powerful Republican majority and a Republican White House — Democrats swept into power in November, capturing both houses of Congress.
March 13, 2007Second Analyst Puts EGL’s Value at More Than Offer
A second analyst this month said that EGL Inc. Chief Executive Officer James Crane’s $36-a-share acquisition offer may be undervaluing company by 11% and probably will attract a higher bid from a buyout firm, Bloomberg reported.
March 13, 2007Canada Cartage Reports Profitable First Public Year
Canada Cartage Diversified Income Fund said Monday that its revenue rose 18.2% to C$275.3 million in its first year of operation as a public company, but lost C$300,000 or 1 cent per unit in the fourth quarter.
March 12, 2007Interpool Reports Higher Profit for 2006
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its 2006 net income rose, in part due to the sale of its container operating lease fleet.
March 12, 2007Gasoline Average Jump 20 Cents, Lundberg Survey Says
Average U.S. retail gasoline prices jumped 20 cents in the past two weeks to $2.55 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
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