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.
Durable Goods Orders Rise 1.8%
Durable goods orders rose 1.8% in May, matching April’s increase, the Commerce Department said Wednesday.
June 24, 2009Velocity Express Eyes Management Buyout
Velocity Express Corp. said it has sent a conditional letter of intent to acquire control of the company from a management buyout group led by Chairman and Chief Executive Officer Vincent Wasik.
June 24, 2009Volvo Begins Selling 2010-Compliant Trucks
Volvo Trucks North America said it has begun selling heavy-duty trucks that meet new U.S. emissions standards slated to take effect in 2010.
June 23, 2009Diesel Rises 4.4¢ to $2.616 a Gallon
Diesel fuel’s national average price rose for the seventh straight week, gaining 4.4 cents to $2.616 a gallon, the Energy Department said.
June 23, 20093PL Leans on iPhone App to Eliminate Paper Bills
D.W. Morgan, a third-party logistics and supply chain consulting firm, has developed an iPhone application that the company said has helped it eliminate paper bills.
June 23, 2009ATRI Updates Idling-Regulations Listing
The American Transportation Research Institute has updated its listing of state and local idling regulations, noting that 41 states and localities now have idling regulations.
Existing Home Sales Improve in May
Existing homes sales rose for the second straight month in May, the National Association of Realtors said Wednesday.
June 23, 2009Clean Energy to Issue Common Stock
Clean Energy Fuels Corp., which operates natural gas fueling stations throughout the United States and Canada, said it plans to issue 6 million shares of its common stock.
June 22, 2009ATA Seeks Commodities Markets Transparency
American Trucking Associations Monday called on Congress to increase the transparency of commodities futures markets and impose “reasonable aggregate position limits on energy commodities,” in an effort to stem the price spikes and record high prices of last summer.
June 22, 2009Volvo Chooses DEF Supplier
Volvo Trucks North America said that it has chosen Terra Environmental Technologies to supply its dealers with retail-size containers of diesel exhaust fluid and to put the company’s product in new Volvo trucks.
June 22, 2009