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

Michelin, Love’s Sign Agreement on Truck Tires, Service

Michelin Americas Truck Tires and Love’s Travel Stops have signed an agreement under which Love’s Travel Stops will feature Michelin truck tires and related products, the two said Thursday.

May 1, 2008
Government, Business, Logistics

Union Pacific Sets 2-for-1 Stock Split

Union Pacific Corp. said Thursday its board authorized a two-for-one stock split, effective May 28 to shareholders of record as of May 12.

May 1, 2008
Business, Government

TA Agrees to Settle Flying J Lawsuit

Truck stop chain TravelCenters of America said Thursday it has agreed to settle a 2006 civil suit by competitor Flying J Inc. regarding processing of card transactions.

May 1, 2008
Business

Longshoreman’s Union Walks Off Job at West Coast Ports

More than 25,000 members of the International Longshore and Warehouse Union walked off the job at 29 West Coast ports Thursday, in a protest over the war in Iraq.

May 1, 2008
Business, Government

Purolator, Teamsters Canada Reach Tentative Pact

Purolator Courier and Teamsters Canada have reached a tentative agreement on a contract renewal for Purolator’s couriers, package handlers, truck drivers and owner-operators across Canada, the company said.

May 1, 2008
Business, Government

Salisbury Named CEO at Fikes Truck Line

Fikes Truck Line named Gary Salisbury its chief executive officer this month, the company said. He takes over from owner and former president Jim Smith, who remains chairman of the board.

May 1, 2008
Business, Safety, Government

ISM Manufacturing Index Continues to Show Contraction

The Institute for Supply Management’s manufacturing index continued to show contraction in April, matching March’s reading, ISM said Thursday.

May 1, 2008
Government, Business

Construction Spending Drops 1.1%

Construction spending fell 1.1% in March, the Commerce Department said Thursday.

May 1, 2008
Business

Oshkosh Reports Higher 2Q Profit

Specialty truck maker Oshkosh Truck Corp. reported a fiscal second-quarter profit of $72.6 million, or 97 cents a share, up from $50.9 million, or 68 cents, a year ago.

May 1, 2008
Business

Jobless Rolls Reach Four-Year High

Initial jobless claims rose to a four-year high last week, the Labor Department said Thursday.

May 1, 2008