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, Equipment

ArvinMeritor to Spin Off Auto Unit, Focus on Trucks

Auto and truck component maker ArvinMeritor Inc. said Tuesday it will spin off its automobile business unit to its shareholders and focus on supplying parts for commercial trucks.

May 6, 2008
Government, Business

Deutsche Post Names New U.S. DHL Chief

Deutsche Post said Tuesday it has appointed Ken Allen to lead its DHL Express unit in the United States, Bloomberg reported.

May 6, 2008
Government, Business, Safety, Fuel

Oil Soars Past $122; Regulators Considering More Oversight

With oil soaring to new records — crude surged past $122 a barrel on Tuesday for the first time — federal regulators are considering stricter regulation of the oil industry, the Wall Street Journal reported Tuesday.

May 6, 2008
Business, Safety, Government, Logistics

Mullen’s 1Q Income Declines; Truck Segment Improves

Canadian transportation firm Mullen Group Income Fund’s first-quarter profit fell but its trucking and logistics unit’s performance improved, the company said late Monday.

May 6, 2008
Fuel, Business, Logistics, Government

Diesel Falls 2.8¢ to $4.149; Gasoline, Oil Reach Records

The national average price of diesel fuel fell for the first time in a month, declining 2.8 cents to $4.149 a gallon, the Energy Department said Monday.

May 6, 2008
Business, Government

FedEx Expands Truckload Brokerage to Canada

FedEx Truckload Brokerage has expanded its coverage to many parts of Canada, the company said Monday.

May 5, 2008
Business, Government

Senators Want EPA to Waive Future Ethanol Mandates

A group of Senate Republicans want the Environmental Protection Agency to consider waiving ethanol production mandates, amid rising food prices, the Associated Press reported Monday.

May 5, 2008
Business, Safety, Government

ISM Services Index Expands

The U.S. economy’s service showed expansion last month, the Institute for Supply Management said Monday.

May 5, 2008
Business

Pilgrim’s Pride Reports Fiscal 2Q Loss

Pilgrim’s Pride Corp., the world’s biggest poultry processor, said Monday it lost $111.4 million, or $1.67 per share, in its fiscal second quarter, compared with a  loss of $40.1 million, or 60 cents, a year ago.

May 5, 2008
Government, Business, Safety, Fuel

Auto Industry Seeks States’ Support on Emissions Rules

The automobile industry is focusing on state lawmakers in an effort to head off any plans to regulate greenhouse-gas emissions similarly to California, the Wall Street Journal reported Monday.

May 5, 2008