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, Safety, Government

No Correlation Between Safety, Length of Training, ATRI Says

A study conducted by the American Transportation Research Institute found there is no correlation between the length of a training program and safety performance.

May 20, 2008
Business

Velocity Express Reports Fiscal 3Q Loss

Velocity Express Corp. said Tuesday it lost $10.6 million, or $3.78 a share, in its fiscal third quarter, compared with a loss of $13.3 million, or $7.32, a year earlier.

May 20, 2008
Government, Business, Safety, Technology, Equipment

IdleAire Files Chapter 11; Stations to Remain Open

IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has filed for Chapter 11 bankruptcy, but its facilities will remain open to truckers, the company said Friday.

May 19, 2008
Government, Business, Safety, Fuel

EPA Reversed Position on California Emissions Request, Papers Show

Environmental Protection Agency Administrator Stephen Johnson backed letting California set auto emissions rules stricter than federal standards before consulting with the White House, according to a congressional panel, Bloomberg reported Monday.

May 19, 2008
Fuel, Business, Logistics, Government

Editorial: A Fueling Alternative

Retail fuel prices skyrocketed again last week, with diesel jumping 18.2 cents a gallon to a national average of $4.331, the biggest one-week increase since October 2005 and more than 15 cents more than the last record.

May 19, 2008
Fuel, Business, Safety, Government

Jevic Transportation Folds, Citing High Fuel Costs

Truckload and less-than-truckload carrier Jevic Transportation said Monday it is discontinuing operations, due to soaring fuel costs and a weak economy.

May 19, 2008
Business

Group Bids $12.8 Billion for Pennsylvania Turnpike Lease

A team of private interests Monday submitted the highest bid of $12.8 billion to lease the Pennsylvania Turnpike for 75 years, the Associated Press reported.

May 19, 2008
Business

Wright Express’ CEO Appointed Chairman

Wright Express Corp. said Monday that Chief Executive Officer Michael Dubyak will assume the role of chairman.

May 19, 2008
Government, Business

Leading Economic Indicators Improve for Second Straight Month

An index of leading economic indicators improved last month, the second straight increase, the New York-based Conference Board said Monday.

May 19, 2008
Business, Government, Equipment

Continental Boosting Truck Tire Prices

Continental Tire North America said it will boost prices up to 8% on all Continental and General Tire Brand truck tires in North America, effective Aug. 1.

May 19, 2008