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, Logistics

A&R Logistics Buys West Coast Transporter

A&R Logistics said Wednesday it acquired Pacific Chemical Distribution Corp. and its affiliate Pacific Bulk Transportation Co., for an undisclosed sum.

May 7, 2008
Government, Business, Safety, Fuel, Logistics

ATA Calls for 65-MPH Speed Limit to Curb Fuel Consumption

An American Trucking Associations official asked a congressional panel to set a national speed limit of 65 miles per hour, as part of a series of steps ATA said would support the trucking industry’s efforts to reduce fuel consumption and address the escalating cost of diesel.

May 7, 2008
Business

Marten Transport Names New President

Refrigerated truckload carrier Marten Transport said Wednesday that Timothy Kohl will become the company’s president, effective June 2.

May 7, 2008
Business, Safety, Government

DHS Moves TWIC Compliance Date Back to April

The Department of Homeland Security said it pushed back the enforcement date for the Transportation Worker Identification Credential program to April 15, 2009, although some areas will need to comply sooner.

May 7, 2008
Government, Business, Safety

First-Quarter Productivity Improves 2.2%

First-quarter U.S. worker productivity improved 2.2%, the Labor Department said Wednesday.

May 7, 2008
Business, Safety, Government, Logistics

Pacer’s First-Quarter Income Improves

Transportation and third-party logistics firm Pacer International’s first-quarter profit rose to $14.3 million, or 41 cents a share, from $7.8 million, or 21 cents, a year ago, the company said.

May 6, 2008
Government, Business, Safety, Fuel, Equipment

Letters to the Editor: Idling, Govt. and Fuel, Owner-Operators, Time for Protest

Your front-page article April 7 about auxiliary power units possibly saving on fuel quoted an APU maker’s spokesman who stated (like many others I have seen) that idling truck engines use up to 1.8 gallons of fuel an hour.

May 6, 2008
Business, Safety, Government

ATA Gives Knight Exec, Con-way 2008 Security Awards

American Trucking Associations’ Security Council presented its Security Professional of the Year award to Richard Martin, the corporate security director for truckload carrier Knight Transportation.

May 6, 2008
Fuel, Business, Government

DOE Boosts Diesel-Price Forecast

Diesel fuel will average $3.94 per gallon at the pump this year — more than a dollar over last year’s average and higher than the $3.62 forecast issued last month, the Department of Energy said.

May 6, 2008
Fuel, Business, Government

DeFazio Says Congress Should Help Truckers Hit by Fuel Costs

A key Congressman said lawmakers should help the trucking industry cope with diesel prices that have risen 45% in the past year, Bloomberg reported.

May 6, 2008