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.
House Passes Biodiesel Tax Credit Extension
The House has passed an extension of a federal biodiesel tax incentive through the end of the year.
June 2, 2010Diesel Drops Below $3 for First Time Since March
Diesel continued its downward trend, declining 4.1 cents to $2.98 a gallon, the first time it has been below the $3 mark since March, the Department of Energy reported.
June 2, 2010Feds Reject Teamsters’ Bid for Aircraft Mechanics to Strike at UPS
Federal officials have rejected a bid by the Teamsters union to begin a 30-day countdown to a potential strike against UPS Inc. by its aircraft mechanics, the Associated Press reported.
June 2, 2010Opinion: Canadian Governments Embrace P3s
Infrastructure projects boost productivity and economic activity when countries need it most. Canadian governments have been increasingly comfortable executing new investments that merge private enterprise with the public sector.
June 2, 2010ATA Urges Senate to Address Advanced Technology Bill
American Trucking Associations, truck manufacturers and the U.S. Chamber of Commerce have urged the Senate to address a research and development bill on increasing fuel efficiency and reducing greenhouse gas emissions in medium- and heavy-duty trucks.
NAFTA Surface Trade Takes Record Jump
Surface transportation trade among the United States, Canada and Mexico jumped 37% in March from a year ago, the highest gain on record, the Department of Transportation said.
June 1, 2010James Hertwig Named CEO of Florida East Coast Railway
Florida East Coast Railway said that longtime trucking and transportation executive James Hertwig will become its chief executive officer, effective July 1.
June 1, 2010Ontario Report Recommends More Tolling
A new report by the Ontario government recommends that the legislature consider road tolling for trucks and cars to reduce greenhouse gas emissions and fund mass transit infrastructure.
June 1, 2010Rush Completes Lake City Acquisition
Rush Enterprises said it has completed its previously announced acquisition of Lake City Cos., owner of 11 International Truck dealerships.
ISM Factory Index Shows Continued Expansion
U.S. manufacturing activity showed expansion in May for the 10th straight consecutive month but slipped slightly from April, the Institute for Supply Management said Tuesday.
June 1, 2010