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

Navistar Protests Military Truck-Ordering Plan

Navistar International Corp. has protested to U.S. government officials about the method the Pentagon is using to select providers of mine-resistant all-terrain vehicles to be used by U.S. troops in Afghanistan.

April 2, 2009
Business

Saia Sets New Pay Cuts

Saia Inc. said Thursday it will take new cost-cutting measures to cope with the slow economy and reduced tonnage, including trimming its executives’ pay by 10% and its hourly, linehaul and salaried employees’ pay by 5%.

April 2, 2009
Business, Safety, Government, Logistics

Con-way, TNT Start New Europe-to-U.S. Service

Less-than-truckload carrier Con-way Freight will take over the final leg of express shipments from Europe under a new partnership with Dutch transportation and logistics firm TNT.

April 2, 2009
Business

Jobless Claims Rise; Continuing Claims Reach Record

Initial jobless claims rose by 12,000 last week and continuing claims reached a new record, the Labor Department said Thursday.

April 2, 2009
Business

Jury Backs FedEx in Wash. Overtime Case

FedEx Corp. did not illegally deny overtime pay to contract delivery drivers who said the company wrongly called them entrepreneurs, a Seattle jury decided late Tuesday, Bloomberg reported.

April 1, 2009
Business, Logistics

Pa. Trucking Company Cutting Driver Pay 8.9%

Ward Transport and Logistics Corp. is cutting the pay of its drivers and hourly workers by 8.9%, Pennsylvania television station WTAJ reported on its Web site Tuesday.

April 1, 2009
Business, Safety, Government

ISM Manufacturing Index Improves, but Still Shows Contraction

Manufacturing in the U.S. improved in March but showed contraction for a 14th straight month, the Institute for Supply Management said Wednesday.

April 1, 2009
Government, Business

Construction Spending Decline Slows

Construction spending fell 0.9% in February, the Commerce Department said Wednesday.

April 1, 2009
Business, Government, Fuel

House Democrats Introduce Greenhouse Gas Bill

Democratic lawmakers announced legislation Tuesday that they say would reduce greenhouse gas emissions by one fifth, reduce dependence on foreign oil and create energy-related jobs, the Associated Press reported.

April 1, 2009
Government, Business, Safety

Daimler to Cut Hours, Pay in Europe

Daimler AG plans to cut its labor costs by 2 billion euros, or about $2.7 billion, by trimming hours and wages for 73,000 non-production workers in Germany and by delaying a pay increase, Bloomberg reported Wednesday.

April 1, 2009