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.
Court Dismisses Teamsters’ Suit Over Mexican Trucks
A federal appeals court Monday dismissed a lawsuit by the Teamsters union and other groups who had challenged a cross-border trucking program with Mexico, saying the suit was moot because the Obama administration and Congress ended the program.
April 20, 2009Canadian National’s 1Q Income Improves
Canadian National Railway said late Monday its first-quarter net income rose to C$424 million, or 90 cents a share, from C$311 million, or 64 cents, a year ago.
April 20, 2009LaHood: Transport Projects’ Savings Must Be Reinvested
Transportation Secretary Ray LaHood said Monday that federal money saved on state transportation projects must be used for additional transportation projects.
April 20, 2009Eaton Posts $52 Million First-Quarter Loss
Vehicle parts manufacturer Eaton Corp. said Monday it lost $52 million on the first quarter as sales slumped.
April 20, 2009Iowa Senate Approves 5% Biodiesel Mandate
The Iowa Senate approved a bill last week that would require that diesel fuel sold in the state contain 5% biofuel, the Des Moines Register reported.
April 20, 2009Weyerhaeuser to Close Trucking Unit
Forest products company Weyerhaeuser Co. will close its trucking division by the end of June, the Associated Press reported.
April 20, 2009California Begins Reefer Rule Reporting
The California Air Resources Board said it is now enforcing the identification and reporting requirements for California-based transport refrigeration units on trucks, trailers, shipping containers and rail cars assigned to terminals in the state.
April 20, 2009Leading Economic Indicators Decline
An index of leading economic indicators declined 0.3% in March, the New York-based Conference Board said Monday.
April 20, 2009Raising the Bar on Service
A few more customers may be peeking into the showroom, but buying volume continues to limp along near 25-year lows, according to the latest report on Class 8 truck sales.
April 20, 2009Obama Meets With Mexican Leader
Standing beside Mexico President Felipe Calderon, U.S. President Obama said he was hopeful the two countries could agree on a cross-border trucking program that has spurred a growing trade dispute.
April 20, 2009