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.
Manufacturers Ask Obama to Extend $5 Bln. Program to All Parts Suppliers
The Motor & Equipment Manufacturers Association and its affiliated associations, including the Heavy Duty Manufacturers Association, have asked President Obama to immediately extend the $5 billion parts supplier program to all parts suppliers, including those serving heavy-duty trucking.
September 14, 2009DOT Report on Safety of Mexican Trucks Says Out-of-Service Rates Similar to U.S.
A review of U.S. efforts to ensure the safety of Mexican trucks crossing the border said the trucks’ out-of-service rates were similar to those of U.S. trucks, but it raised concerns about how traffic violations by Mexican drivers are reported and data on Mexican carriers are maintained.
September 14, 2009Economy, Environment Focus of CSCMP at Annual Global Conference in Chicago
Global economic and environmental challenges, upgrading transportation infrastructure and improving business performance are some of the major issues on the agenda at the Council of Supply Chain Management Professionals’ annual conference Sept. 20-23 in Chicago.
September 14, 2009DOT Provides Software to Transfer Freight Data
The Department of Transportation is distributing free software the agency said will help create a central Web portal through which shippers, carriers and third parties can automatically exchange data about freight movements.
September 14, 2009Diesel Average Dips 2.7¢
The average retail price of U.S. diesel dipped 2.7 cents to $2.647 a gallon, breaking a string of six small weekly increases that began in mid-July, the U.S. Department of Energy reported.
September 14, 2009Highway Bill Prospects Are Dim As Congress Returns to Session
When Congress went back into session last week, the prospects for passing a long-term highway bill appeared to be dimming as other issues continued to dominate the legislative agenda.
September 14, 2009Obama Faces Sept. 17 Deadline for Tariffs on Small Vehicle Tires Imported From China
President Obama must decide by Sept. 17 whether to accept the recommendation of the U.S. International Trade Commission to impose tariffs on passenger and light-truck tires made in China, the second-largest U.S. trading partner.
September 14, 2009Navistar Has $12 Mln. Loss
Navistar International Corp. reported a $12 million loss in its fiscal third quarter, but top executive Daniel Ustian said he expects modest improvement in truck orders this quarter and next year, fueled by major fleets’ purchases.
September 14, 2009FedEx Says 1Q Profit Will Exceed Forecast
FedEx Corp. said that its first-quarter profit will be 58 cents per share, higher than the guidance it had previously announced, Bloomberg reported.
September 11, 2009Wholesale Inventories Fall for Record Eleventh Month
Wholesale inventories fell in July for the eleventh consecutive month, the Commerce Department said Friday.
September 11, 2009