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.
Kuehne + Nagel to Acquire J. Martens Holding
Swiss logistics firm Kuehne + Nagel said Monday that it will buy J. Martens Holding AS, a Norwegian service provider to the oil and gas industry, Reuters reported.
March 11, 2009Card Check Introduced in House, Senate
Democrats in both the House of Representatives and Senate Tuesday introduced the Employee Free Choice Act, an act that would make it easier for employees to join unions, Bloomberg reported.
March 10, 2009Wholesale Inventories Fall 0.7%
Wholesale inventories fell 0.7% in January, one quarter of the decline in sales for the same month, the Commerce Department said Tuesday.
March 10, 2009Groups Ask Appeals Court to Overturn HOS Rule
A coalition of labor and advocacy groups Monday escalated their case against two regulations concerning truck drivers' working hours by filing a federal lawsuit.
March 10, 2009Diesel Falls 4.2¢ to $2.045
Diesel fuel fell another 4.2 cents Monday, dropping to a four-year low national average price of $2.045, the Department of Energy said Monday.
March 9, 2009Daimler Plans More Freightliner Cuts in N.C.
Daimler Trucks North America will cut production at two North Carolina manufacturing plants effective in May, due to “deteriorating economic and market conditions” and a “significant decline in new truck orders.”
March 9, 2009Gas Increase Slows, Rising 1.8¢ in Two Weeks
Gasoline’s national average price rose 1.8 cents over the two weeks ended Friday, to an average $1.96 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
March 9, 2009J.B. Hunt Selling Some Truck Equipment
J.B. Hunt Transport Services Inc. is selling some trucking equipment as demand for over-the-road shipments remains soft in a down economy, but plans to boost its intermodal and brokerage businesses, the (Northwest Arkansas) Morning News reported.
March 9, 2009Calif. Urges EPA to Reverse Emissions Ruling
The California Air Resources Board urged federal regulators to reverse a Bush administration decision that blocks the state’s efforts to set its own limits on greenhouse gas emissions from automobiles, the Associated Press reported.
March 9, 2009Qualcomm Unveils New Mobile Platform for Drivers
Qualcomm Inc. Sunday unveiled a new mobile computing platform it said will bring more common office tasks into the truck cab.
March 9, 2009