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.

Government, Business

Ambassador Bridge Owner Sues Canada, United States

The owner of the Ambassador Bridge connecting Detroit to Windsor, Ontario, has filed suit against the Canadian and United States governments and the U.S. Coast Guard claiming they are trying to get him to sell the bridge and prevent him from building a second span alongside the existing one.

March 24, 2010
Government, Business

LaHood Says Feds Close to Decision on I-80 Tolls

Transportation Secretary Ray LaHood said the federal government is close to a decision on whether to allow Pennsylvania to toll Interstate 80 as part of that state’s transportation funding plan.

March 23, 2010
Business

MATS Signs 10-Year Extension to Remain in Louisville

The Mid-America Trucking Show, set to run Thursday through Saturday in Louisville, Ky., will remain in that city for another 10 years, the Louisville Courier-Journal reported.

March 23, 2010
Business, Fuel

Diesel Rises Again, Gaining 2.2¢ to $2.946 a Gallon

Diesel’s national average price continued its climb toward $3 a gallon, rising 2.2 cents to $2.946, a 16-month high, the Department of Energy reported.

March 23, 2010
Government, Business

Mich. Court Won’t Hear Appeal by Ambassador Bridge Owner

A Michigan appeals court has refused to hear a plea from the owner of the Ambassador Bridge on a lower court ruling that he illegally built toll booths and other facilities on public land on the Detroit side of the span that carriers traffic to Windsor, Ontario.

March 23, 2010
Business

Existing Home Sales Fall for Third Month

Existing home sales fell for a third straight month in February, the National Association of Realtors said Tuesday.

March 23, 2010
Business

France Scraps Plans for Carbon Tax

French President Nicolas Sarkozy has scrapped that country’s plans for a tax on carbon emissions, three days after his ruling party was defeated in local elections, Bloomberg reported Tuesday.

March 23, 2010
Business

YRC Sees Improving Freight Volumes; Reports 4Q Profit

YRC Worldwide said its freight demand is improving this month following two months of severe winter storms lowered volumes, the Associated Press reported.

March 22, 2010
Business

Dana Closes Sale to Metalsa of Structural Products Unit

Dana Holding Corp. said it completed the sale of most its Structural Products assets to Mexico’s Metalsa, S.A.

March 22, 2010
Government, Business

Obama Signs Job Legislation With Highway Bill Extension

President Obama on March 18 signed into law an extension of the highway bill through the end of the year as part of a $17.6 billion package of tax incentives and bonding proposals aimed at spurring job creation.

March 22, 2010