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.

Fuel, Business, Government

Retail Sales Rise 0.6% in June

Retail sales rose 0.6% in June, led by gains in automobile and fuel purchases, the Commerce Department said Tuesday.

July 14, 2009
Business, Fuel, Government

Producer Price Index Rises 1.8%

Prices paid to U.S. producers jumped 1.8% in June, led by higher fuel costs, the Labor Department said Tuesday.

July 14, 2009
Business, Logistics

CEVA Recruits Ryan as First COO

CEVA Logistics has appointed Matthew Ryan its first chief operating officer, the company announced on July 2. He will manage the company’s global operations team and be responsible for global procurement, CEVA said.

July 14, 2009
Business, Safety

E&MU: TMC Fleets Seek Sources of Truck Fires

Fleet reports of highway tractors bursting into flames, on the road or while parked, raise questions of whether a trend is showing itself and leave only hints as to common causes.

July 14, 2009
Business, Safety, Government

ATA, State Truck Groups to Provide VMRS

American Trucking Associations has replaced J.J. Keller & Associates as the provider of Vehicle Maintenance Reporting Standards products.

July 13, 2009
Government, Business

N.J./N.Y. Port Authority Receives Grants to Replace Old Trucks

The Port Authority of New York and New Jersey said it received $11.6 million in grants to help truck owners serving the Port of New York and New Jersey to replace their trucks built before 1994.

July 13, 2009
Business

Navistar Cutting 275 Workers at Miss. Military Truck Plant

Navistar International Corp., the largest maker of blast-proof trucks for the U.S. military, will lay off 275 workers at a Mississippi plant because of declining production of the vehicles, Bloomberg reported Monday.

July 13, 2009
Business, Safety, Government

P.A.M. Transportation Names New President

P.A.M. Transportation Services Monday named Daniel Cushman its new president, replacing long-time president Robert Weaver.

July 13, 2009
Government, Business, Safety

Navman Adds Truck Routing to M-Nav Series of Handheld GPS Units

Navman Wireless has added truck-specific routing to the M-Nav 750, the latest incarnation of the Glenview, Ill., company’s handheld GPS unit for fleet users.

July 13, 2009
Business, Safety, Government

DOT Gives $386 Mln. Loan for N.C. Highway

The Department of Transportation has approved a $386 million loan to finance construction on the Triangle Expressway in North Carolina.

July 13, 2009