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

FedEx Renaming Kinko’s as FedEx Office

FedEx Corp. said late Monday it will change the name of its office and business services unit, FedEx Kinko’s, to FedEx Office.

June 2, 2008
Business

FMCSA Awards $1 Million in CDL Education Grants

The Federal Motor Carrier Safety Administration said Monday it has awarded a total $1 million in grants to nine technical and community colleges to enhance safety curricula and behind-the-wheel training courses for students enrolled in commercial driver’s license training programs.

June 2, 2008
Government, Business, Safety

DOT Seeks Proposals to Fight Border Congestion

The Department of Transportation said Monday it is requesting proposals for innovative new approaches to reduce traffic tie-ups at some of the nation’s most congested border crossings.

June 2, 2008
Business, Equipment

Cummins Plans Layoffs at Indiana Pickup-Engine Plant

Diesel engine maker Cummins Inc. plans to temporarily lay off 125 workers from its midrange engine plant in Indiana because of declining pickup truck demand, the Associated Press reported Monday.

June 2, 2008
Business, Government

UPS Freight Extends Guarantee to Canada

UPS Freight, which introduced its on-time performance guarantee in the United States in January, said Monday it has expanded the guarantee to shipments moving in both directions across the Canada-U.S. border.

June 2, 2008
Business, Safety, Government

ISM Factory Index Improves, But Still Shows Contraction

U.S. manufacturing levels improved in May but continued to show contraction, the Institute for Supply Management said Monday.

June 2, 2008
Government, Business

Construction Spending Falls for Second Straight Month

Construction spending fell for a second straight month in April, the Commerce Department said Monday.

June 2, 2008
Business, Safety, Government, Technology, Equipment

U.S. Xpress Completes Pinner Purchase

Truckload carrier U.S. Xpress Enterprises said its Xpress Global Systems subsidiary finalized its purchase of Pinner Transportation. Terms were not released.

June 2, 2008
Business, Fuel, Government

Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains

Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.

June 2, 2008
Business, Technology, Equipment, Safety

Iteris Reports Higher Income for Quarter, Fiscal Year

Iteris Inc., which makes lane-departure warning systems for the trucking industry, reported its fiscal fourth-quarter profit improved from a year ago.

June 2, 2008