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.
Conn. Lawmakers, Truckers Call for Action on Fuel Prices
Two federal lawmakers joined the head of the Motor Transport Association of Connecticut in calling for action to help relieve soaring fuel prices that are driving trucking companies out of business, the Connecticut Post reported Thursday.
July 3, 2008Payrolls Decline; Unemployment Rate Holds at 5.5%
U.S. payrolls declined in June but the unemployment rate held at 5.5%, the Labor Department said Thursday.
July 3, 2008ISM Services Index Contracts in June
The U.S. economy’s service sector contracted in June as prices reached a record high and employment reached a record low, the Institute for Supply Management said Thursday.
July 3, 2008Diesel, Gasoline Demand Falling, NATSO Says
High fuel prices are dampening demand for diesel and gasoline, and more Americans will stay home this Fourth of July holiday than last year, a truck stop trade group said Thursday.
July 3, 2008Appeals Court Rejects Greenhouse Gas Lawsuit
A federal appeals court in Washington rejected a petition by Massachusetts and 17 other states attempting to force a quick decision from the U.S. Environmental Protection Agency on how to regulate greenhouse gases.
July 3, 2008Oil Finishes Week Above $145 a Barrel
Oil finished a week of all-time highs by closing at a record of more than $145 a barrel on the New York Mercantile Exchange, Bloomberg reported Thursday.
July 3, 2008Michelin Boosting U.S. Tire Prices
Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.
July 2, 2008West Coast Port Talks Continue Past Deadline
Talks are continuing past a contract deadline for a contract covering 26,000 dockworkers at West Coast ports, the Los Angeles Times reported Wednesday.
July 2, 2008U.S. Xpress Names President of TL Unit
U.S. Xpress Enterprises said Wednesday it named John White president of U.S. Xpress Inc., the corporation’s flagship truckload carrier.
July 2, 2008Letters to the Editor: Speed Limiters, Driver Culture, Don't Involve Feds
Hey, no problem — go ahead and limit the speed. That’s what you would expect from a socialist country. The truckers will simply move south — to a free country.
July 2, 2008