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

GM Adds Shifts at Three Plants

General Motors Co. will add a third shift to three plants as the automaker shifts production from plants that will be closed or idled, Bloomberg reported.

September 23, 2009
Business, Logistics

ADS Logistics Makes Chapter 11 Filing

ADS Logistics has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in Delaware, starting the process toward a potential reorganization of the trucking and logistics operator.

September 23, 2009
Business

FedEx Freight’s Doug Duncan to Retire in February

Doug Duncan, president of FedEx Corp.’s less-than-truckload FedEx Freight unit, will retire in February, the company said in a regulatory filing Tuesday.

September 22, 2009
Government, Business

FMCSA Chief: Mexico Plan Coming

Rose McMurray, acting head of the Federal Motor Carrier Safety Administration, told Transport Topics the agency was hopeful of finding a resolution to the ongoing trade row between the U.S. and Mexico over longhaul truck access.

Sean McNally | Staff Reporter
September 22, 2009
Business

Highways Remain Closed Near Atlanta as Flooding Slows

Two Interstate highways remain closed near Atlanta Tuesday afternoon due to continued flooding and the damage storms have caused to the roads.

September 22, 2009
Government, Business, Safety

Senate Passes DOT Approps Bill, Retains Maine Weight Provision

The Senate approved legislation increasing the funding for the Department of Transportation in 2010, leaving in a provision that would allow Maine to increase the weight limit on Interstate 95 to 100,000 pounds.

Sean McNally | Staff Reporter
September 22, 2009
Government, Business, Safety

Diesel Mechanic Shortage Looms When Boomer Technicians Retire

A good portion of diesel mechanics today are baby boomers, and with the boomers reaching retirement age between 2010 and 2030, industry experts are predicting that a severe diesel mechanic shortage is on the horizon.

September 22, 2009
Government, Business, Safety

House Panel Develops Highway Law Extension

The House transportation committee is preparing a short-term extension of the current highway funding law, while continuing work on a long-term replacement for the legislation that expires in less than two weeks.

September 22, 2009
Business, Fuel, Safety, Government, Logistics

Maryland Releases First Freight Transportation Plan

The Obama administration last week issued its proposed new fuel efficiency and first-ever national greenhouse gases reduction standards for passenger cars and light trucks.

September 22, 2009
Fuel, Business, Logistics, Government

Diesel Dips 1.2¢ to $2.622 in Third Straight Decline

Diesel fuel’s national average price fell for a third straight week, dipping 1.2 cents to $2.622 a gallon, the Department of Energy said Monday.

September 22, 2009