Business
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.
Boehner, Cantor Ask Obama to Withdraw HOS Proposal
The two senior-ranking House Republican members said the Obama administration should withdraw proposed regulations for truck drivers’ hours-of-service, Bloomberg reported.
October 6, 2011Jobless Claims Rise for Week
Initial jobless claims rose by 6,000 last week to 401,000, the Labor Department said Thursday.
October 6, 2011Transplace Wins Contract With Elementis
Transplace has announced that chemicals maker Elementis Specialties Inc. has selected it to handle its domestic transportation. No contract terms were revealed.
October 6, 2011NTTC Asks DOT to Halt Two Tank Truck Rulemakings
National Tank Truck Carriers said Wednesday it has asked Transportation Secretary Ray LaHood to stop two rulemaking processes aimed at tank trucks.
October 5, 2011Volvo Offers New Powertrain Package for VN Trucks
Volvo Trucks North America said it was introducing a new powertrain package for its VN series tractors aimed at reducing fuel consumption by up to 3%.
October 5, 2011Oil Gains $4 to More Than $79 a Barrel
Oil took its biggest single-day jump in five months Wednesday, rising $4 to more than $79 a barrel following a report that showed inventories plunged last week, Bloomberg reported.
October 5, 2011Provident Energy Acquires Two-Thirds Interest in Three Star Trucking
Provident Energy announced it has completed its acquisition of a two-thirds interest in Three Star Trucking, a Saskatchewan-based oilfield hauling company serving crude oil producers.
October 5, 2011Teletrac to Provide EOBRs for Mexican Trucks
AUSTIN, Texas — Teletrac Inc. will supply electronic monitoring devices in Mexican trucks participating in the cross-border trucking pilot program set to begin soon, a federal official announced.
ISM Services Index Slips But Shows Continued Expansion
An index of the U.S. economy’s service sector declined in September but still showed expansion, the Institute for Supply Management said Wednesday.
October 5, 2011Daimler Will Protect Employees’ Jobs Through 2016
Daimler AG has pledged to protect the jobs of its permanent employees through 2016, Bloomberg reported Wednesday.
October 5, 2011