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

ISM Services Index Contracts in January

The economy’s service sector contracted in January, the Institute for Supply Management said Tuesday.

February 5, 2008
Fuel, Business, Logistics, Government

Diesel Rises 2.1¢ to $3.28 a Gallon

The average national price of retail diesel fuel rose 2.1 cents to $3.28 a gallon, the Department of Energy said Monday.

February 5, 2008
Business, Technology

Xata Completes GeoLogic Acquisition

Xata Corp. said it has completed its $17.5 million acquisition of fleet tracking and communications firm GeoLogic Solutions.

February 4, 2008
Business, Safety, Government

Bush Proposes $68 Billion for DOT’s ’09 Budget

President Bush proposed a $3.1 trillion fiscal 2009 budget on Monday that would give the Department of Transportation $68 billion, a $1 billion increase over last year’s request.

February 4, 2008
Business, Fuel, Equipment

Volvo Extends Partnership with Cummins for 2010 Engines

Volvo Trucks North America said Monday it will offer a heavy-duty engine made by Cummins Inc. that is certified for 2010 emissions standards for its Volvo VN Class 8 trucks, extending an existing agreement between the two.

February 4, 2008
Government, Business, Fuel

EPA Budget Would Boost ‘Clean Diesel’ Spending

The Environmental Protection Agency’s fiscal year 2009 budget request includes $49.2 million in clean diesel grants, EPA said Monday following the release of President Bush’s budget.

February 4, 2008
Business, Safety, Government

R.I. Checking Bridges in Inspections Program

Rhode Island transportation officials are checking the designs of 15 bridges in the state for a flaw that may have contributed to a fatal bridge collapse in Minneapolis last August, the Associated Press reported.

February 4, 2008
Business, Government

Ohio Eyes Higher Fines for Overweight Trucks

The Ohio State Patrol wants higher fines for trucks carrying overweight loads, the Associated Press reported Monday.

February 4, 2008
Business

UPS, J.B. Hunt Boost Dividends

UPS Inc. and J.B. Hunt Transport Services each announced they would increase their upcoming dividend payments.

February 4, 2008
Government, Business, Fuel

Oil Falls to Near $88 a Barrel

Crude oil prices fell for a third trading day in pre-market trading Monday, with futures falling almost $1 to $88.07 a barrel on the New York Mercantile Exchange, Bloomberg reported.

February 4, 2008