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.

Business, Government

ProLogis Warehouse Report Shows Declines in Activity

Vacancy rates have increased while utilization and new construction of distribution facilities have fallen in the past year, according to a Sept. 21 report on industrial property trends by warehouse operator ProLogis.

October 7, 2009
Business, Logistics

Echo Global Logistics Files Stock Sale Plan With SEC

Echo Global Logistics Inc. filed a registration statement with the Securities and Exchange Commission that said the third-party logistics operator intends to raise about $80 million by selling shares to the public.

October 7, 2009
Business, Logistics

Scania to Supply Trucks for DHL Contractors

Swedish truck maker Scania said it signed an agreement with German transport and logistics company DHL, which recommends Scania as the truck vendor for DHL contractors.

October 7, 2009
Government, Business

Outlook Uncertain on Highway, Climate-Change Bills

LAS VEGAS — With the attention of Congress and the Obama administration focused elsewhere, several political observers said the prospects for major actions like the highway bill and climate change legislation passing this year could be dim.

October 6, 2009
Government, Business

DHS Extends States’ REAL ID Deadline

The Department of Homeland Security has given states an additional six weeks to request an extension to implement toughened drivers’ licenses and identification card security standards mandated by the REAL ID Act of 2005.

October 6, 2009
Business

YRC Names Tim Wicks Chief Operating Officer

YRC Worldwide has named Tim Wicks, formerly the company’s chief financial officer, to the newly created position of chief operating officer.

October 6, 2009
Business, Government

Opinion: It’s the Message That Matters

As someone who spent many years campaigning with a political “R” after his name, you might think what I’m about to say seems a little strange: There is a lot to like about President Obama.

October 6, 2009
Government, Business, Technology, Equipment, Safety

Ohio Turnpike Adds E-ZPass, Offers Truck Discounts

The Ohio Turnpike has joined the E-ZPass toll collection system. Until Oct. 1, when the turnpike opened its new E-ZPass lanes, the roadway had no electronic tolling system and only accepted cash payments.

October 6, 2009
Business, Government

Nevada Troopers Riding in Rigs to Catch Agressive Drivers

A program in Nevada aims to catch dangerous by putting state troopers in trucks, the Associated Press reported.

October 6, 2009
Fuel, Business, Logistics, Government

Diesel Falls 1.9¢ to $2.582 in Fifth Straight Drop

The national average price of diesel fuel fell for a fifth straight week, dropping 1.9 cents to $2.582 a gallon, the Department of Energy said Monday.

October 6, 2009