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.
ArvinMeritor Posts 2Q Profit
Truck and auto components maker ArvinMeritor Inc. said Tuesday it posted a second-quarter profit on cost cuts and higher auto production.
May 4, 2010YRC Reports First-Quarter Loss
YRC Worldwide Tuesday reported a first-quarter loss of $274.2 million, or 53 cents a share, compared with a loss of $273.8 million, or $4.61 per share, a year ago.
May 4, 2010Connecticut Close to Enacting Snow-Removal Law for Drivers
A proposal that would allow police to fine drivers of cars and trucks $75 for failing to remove snow and ice from their vehicles has overwhelmingly passed the Connecticut House.
Factory Orders Rise in March
U.S. factory orders rose 1.3% in March, the Commerce Department said Tuesday.
May 4, 2010Diesel Hits 18-Month High, Rising 4.4¢ to $3.122
Diesel rose to its highest level in more a year and a half, gaining 4.4 cents to $3.122 a gallon, the Department of Energy reported Monday.
May 4, 2010Penske Orders 750 Freightliner SCR Trucks
Penske Truck Leasing has ordered 750 Freightliner Cascadia trucks with selective catalytic reduction technology, making the manufacturer the majority supplier of 2010 tractors to Penske, Freightliner said.
May 3, 2010Crude Spill May Threaten Some Gulf Oil Operations
A growing oil slick in the Gulf of Mexico well in the Gulf of Mexico could hamper production, shipping and refining of oil and natural gas in Mississippi, Alabama and Louisiana, Bloomberg reported Monday.
May 3, 2010CARB Mulls Incentives for Diesel Regs
The California Air Resources Board has directed its staff to come up with specific proposals by September to provide additional flexibility to help truckers ease the financial pain of complying with the state’s new truck regulations.
May 3, 2010Construction Spending Rises in March
Construction spending rose 0.2% in March, the Commerce Department said Monday.
May 3, 2010ISM Index Expands at Fastest Pace Since 2004
U.S. manufacturing activity expanded in April at its fastest pace since June 2004, the Institute for Supply Management said Monday.
May 3, 2010