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.
NFI Buys Ontario Logistics Firm
Trucking and supply chain firm NFI Industries said Tuesday it has acquired IPD, a global transportation and logistics company based in Mississauga, Ontario, Canada.
June 22, 2010Senate Bill Targets Employee Misclassification
A Senate bill that supporters said would make it easier for federal regulators to catch employers who misclassify their employees as independent contractors also would help ensure a “level playing field in the marketplace,” a top official with the Department of Labor told a Senate panel.
Existing Home Sales Fall in May
Sales of existing home fell 2.2% in May, the National Association of Realtors said Tuesday.
June 22, 2010N.Y. Lawmakers Propose State Version of ‘Jason’s Law’
A bill in the New York State Legislature would create a system of loans and tax incentives for businesses willing to build safe parking facilities for truck drivers.
Wabash Begins Production on 350 Reefers for Frozen Food Express
Trailer maker Wabash National Corp. said it has begun production on 350 new refrigerated van trailers for Frozen Food Express Industries, to be completed by September.
June 22, 2010Obama Touts 10,000th Infrastructure Project
President Obama touted the 10,000th road project funded by last year’s American Recovery and Reinvestment Act at an event Thursday in Columbus, Ohio.
Diesel Rises 3.3¢ to $2.961, Marking First Gain in Six Weeks
Diesel and gasoline both rose for the first time in six weeks, with diesel gaining 3.3 cents to $2.961 a gallon, the Department of Energy said.
June 22, 2010Rush to Sell Construction Equipment Business
Truck dealership Rush Enterprises has signed an agreement to sell its John Deere construction equipment business for $37 million.
June 21, 2010Truck Tolls to Jump Next Year on S.F. Area Bridges
Passenger car tolls will rise July 1 on seven state-owned bridges that crisscross the San Francisco Bay, while truck tolls will jump a year and two years from then, according to the Bay Area Toll Authority.
June 21, 2010Company Supplying LNG to SoCal Ports
Applied LNG Technologies said it is supplying liquefied natural gas to Speedy Fuel’s first LNG fueling station to serve the Ports of Los Angeles and Long Beach.
June 21, 2010