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.

Government, Business

Corzine May Sue NYC Over Congestion-Fee Plan

New Jersey Gov. Jon Corzine (D) may sue New York City over a planned congestion-fee program for central Manhattan, but the program is facing doubts from lawmakers in the New York State Assembly, the New York Post reported Thursday.

April 3, 2008
Government, Business, Safety, Logistics

Menlo Boosts Use of SmartWay-Approved Carriers

Menlo Worldwide Logistics, a subsidiary of Con-way Inc., said Thursday it is increasing its use of carriers approved by the U.S. Environmental Protection Agency’s SmartWay program.

April 3, 2008
Government, Business

California, 17 States Sue EPA on Greenhouse Gas Data

California and 17 other states have sued the U.S. Environmental Protection Agency, seeking the release of a court-mandated determination that greenhouse gases endanger public health or welfare, Bloomberg reported Wednesday.

April 3, 2008
Business, Equipment

Arrow Trucking to Replace Fleet with New Freightliners

Flatbed carrier Arrow Trucking Co. has entered into a financing agreement with DaimlerChrysler Truck Financial under which it will replace its 1,400-truck fleet over five years, the Tulsa World newspaper reported Thursday.

April 3, 2008
Business, Fuel

Oil Rises Following DOE Report

Crude oil surged more than $3 a barrel and gasoline futures reached a record Wednesday, following a report that showed that gasoline inventories fell for a third straight week, Bloomberg reported.

April 2, 2008
Business, Government

Officials Postpone Weekend Closures on Capital Beltway

Bad weather in the forecast has delayed closure of parts of Interstate 95/495 near Washington, D.C., that had been scheduled for this weekend, the Maryland State Highway Administration said.

April 2, 2008
Business, Logistics

Pacer, BNSF Expand Intermodal Service

Pacer International said it has expanded intermodal services between its Pacer Stacktrain unit and BNSF Railway Co., which will allow it to begin full service on BNSF’s network.

April 2, 2008
Business

Morgan Stanley Downgrades Daimler, Boosts Volvo’s Outlook

Financial firm Morgan Stanley downgraded Germany-based truck maker Daimler AG, and upgraded Sweden-based truck maker Volvo AB, Bloomberg reported Wednesday.

April 2, 2008
Business, Government

Bernanke Warns of Possible Recession

Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may contract in the first half of this year, saying a recession was possible, the Associated Press reported.

April 2, 2008
Business, Government

Congress Grills Oil Executives on High Prices

A congressional panel questioned the huge profits of oil companies, as prices soared to records, the Washington Post reported Wednesday.

April 2, 2008