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.
TravelCenters of America Reports Third-Quarter Loss
Truck stop chain TravelCenters of America said Monday it lost $12.2 million, or 73 cents per share, compared with a profit of $16.7 million, or $1.08, a year ago.
November 9, 2009Air Freight Demand Begins Picking Up, But Experts Predict a Slow Recovery
Air freight carriers appear to be pulling out of a steep dive caused by the global economic downturn over the past year, but company executives and industry observers said they expect the recovery to be slow and uneven.
November 9, 2009Gasoline Price Increase Slows
Gasoline’s national average price rose by an average 3 cents over the past two weeks to $2.68 a gallon, slowing its recent increases, according to the latest Lundberg Survey of filling stations released Sunday.
November 9, 2009Buffett Bids for BNSF Corp.
Investor Warren Buffett made a dramatic bid to buy the Burlington Northern Santa Fe Corp., the largest U.S. railroad, in a move valued at $44 billion and intended to capitalize on future economic growth and intermodal’s potential.
November 9, 2009Logistics Scorecard
Consistent with the notion that every cloud has a silver lining, achievers in the logistics business are finding opportunities in difficult times.
November 9, 2009Pennsylvania Again Seeks Approval to Begin Tolling I-80
Pennsylvania has submitted a new request to the federal government seeking permission to toll Interstate 80, saying the move is necessary to pay for infrastructure maintenance and improvements.
November 9, 2009Pension Bill Would Provide Firms More Time to Restore Funds to Underfunded Plans
Carriers with multi-employer pension obligations would get as much as 30 years to restore full funding of currently underfunded plans, under legislation introduced by two members of Congress.
November 9, 2009Five States Seek $300 Million Federal Grant for Intermodal Development on East Coast
Five states have formed a coalition to seek a $300 million federal grant to help pay for intermodal development and improvements along the Norfolk Southern Railroad corridor that stretches from New Orleans to New York City.
November 9, 2009IRS Drops $319 Million Levy over FedEx Owner-Operators
FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.
November 9, 2009Panel OKs Cap-and-Trade Bill, Despite Republican Boycott
Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.
November 9, 2009