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

Oregon Considers Satellite Technology for Mileage-Based Tax

Oregon Gov. Ted Kulongoski (D) is exploring ways to use a mileage tax and satellite technology to pay for roads, instead of a fuel tax, the Albany (Ore.) Democrat-Herald reported Saturday.

December 29, 2008
Business, Government

IANA Elects New Chairman

The Intermodal Association of North America’s board of directors has elected Greg Stefflre, CEO of Rail Delivery Services, Fontana, Calif., as its chairman for 2009.

December 29, 2008
Business

Teamster Vote at YRC Postponed to Next Week

The Teamsters union said it has postponed a vote by its member employees for wage cuts at less-than-truckload carrier YRC Worldwide until next week.

December 29, 2008
Business, Safety, Government, Fuel

Letters to the Editor: NAFTA Highway, 2010 EPA Mandates, California’s Filters, Training Film, FMCSA Policy

With fuel prices going down, including diesel, truckers are still shutting down and still saying they aren’t making money — proving my own view that the problem is other than fuel prices.

December 29, 2008
Business, Safety, Government

Cargo Traffic Declines at China's Ports

Cargo traffic at ports in China declined for the first time in at least seven years last month, Bloomberg reported.

December 29, 2008
Business

Navistar Plans to Restate 9-Month Results Showing Higher Profit

Navistar International Corp. said it plans to restate its results for the first nine months of fiscal year 2008 to show net income that was higher than first reported.

December 29, 2008
Business, Government

Durable Goods Orders Fall 1% in November

Durable goods orders fell 1% in November, the Commerce Department said Wednesday.

December 29, 2008
Government, Business

Personal Spending Declines in November

Consumer personal spending fell 0.6% in November, the Commerce Department said Wednesday.

December 29, 2008
Business, Safety

Intermodal Traffic Plunges for Week

Rail and intermodal traffic plunged for the week ended Dec. 20 from a year ago, the Association of American Railroads said.

December 29, 2008
Business

Initial Jobless Claims Reach 26-Year High

First-time unemployment claims rose to a 26-year high for the week ended Dec. 20, the Labor Department said Wednesday.

December 29, 2008