Business

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

Construction Spending Drops in May

Construction spending fell 0.2% in May, the first decline in three months, the Commerce Department said Thursday.

July 1, 2010
Business

FTC Sets Conditions for Pilot, Flying J Merger

The Federal Trade Commission has removed one of the last hurdles facing the proposed merger of Pilot Corp. and Flying J by ordering the two truck-stop chains to sell certain locations to rival rest stop operator Love’s Travel Stops and Country Stores.

July 1, 2010
Business

Daimler Boosting Production at N.C. Truck Plants

Daimler Trucks North America said Wednesday it will ramp up production next month at two North Carolina truck factories and a third logistics plant, recalling about 540 workers to the facilities.

June 30, 2010
Business

Chicago Manufacturing Index Shows Continued Expansion

Manufacturing activity in the Chicago region fell slightly in June but showed expansion for a ninth straight month, the Institute for Supply Chain Management-Chicago said Wednesday.

June 30, 2010
Business

TransCore Sees Its Busiest May in 10 Years

TransCore Holdings, a major electronic load board operator, reported a tripling of activity across its U.S.-Canadian network in May, calling it the busiest May the company has seen in 10 years.

June 30, 2010
Business

Eaton Forms Alliance with German Hydraulics Firm

Vehicle parts manufacturer Eaton Corp. said Wednesday it has formed an alliance with German firm Linde Hydraulics.

June 30, 2010
Business

Ford to Make $4 Billion Debt Payment

Ford Motor Co. will make a $4 billion payment on its outstanding debt, paying into a United Auto Workers trust fund that pays retiree health care bills, the Associated Press reported Wednesday.

June 30, 2010
Business, Safety, Logistics

Opinion: Out of the Lab, Into the Cab

June is National Safety Month, a particularly relevant observance this year as the Federal Motor Carrier Safety Administration makes final revisions to its operational model for the Comprehensive Safety Analysis 2010 program, with implementation expected as early as December.

June 30, 2010
Government, Business

NAFTA Surface Trade Jumps in April

Surface transportation trade among the United States, Canada and Mexico rose 32.4% in April, the third straight jump of at least 24%, the Department of Transportation said.

June 29, 2010
Government, Business

More Road Projects Planned During Busy Summer Season

President Obama marked the 10,000th road project funded by last year’s stimulus law in Columbus, Ohio, earlier this month, marking the beginning of what is being dubbed “Recovery Summer,” a six-week surge of infrastructure projects funded by the stimulus.

June 29, 2010