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, Government

Vitran Buys Calif. Supply Chain Firm

Vitran Corp. said it bought retail supply chain management firm Las Vegas/L.A. Express, based in Ontario, Calif., for about $12.6 million.

December 3, 2007
Government, Business, Equipment

Chinese Order 1,900 Cummins Bus Engines

Cummins Inc., the largest foreign investor in the Chinese diesel engine industry, received an order for 1,900 bus engines from transit agencies in China, Bloomberg reported.

December 3, 2007
Government, Business, Safety

Winter Storm Hits Northeast Following Midwest Blast

A winter storm blamed for at least 11 deaths in the Midwest wreaked havoc on Northeast roads Monday with a mix of rain, sleet and snow, the Associated Press reported.

December 3, 2007
Fuel, Business

Exxon Mobil, Partners to Build Hydrogen-Powered Forklift

Exxon Mobil Corp. said it will partner with two other companies and an Israeli university to build a commercial lift-truck application powered by fuel cells from hydrogen produced in the truck.

December 3, 2007
Business, Equipment

Class 8 Fleet Size Grows 3.2%

The number of U.S. heavy-duty trucks on the nation’s roads climbed to 3.59 million in the third quarter, a 3.2% increase over last year and a slight increase over the second quarter gain of 2.2%.

December 3, 2007
Business, Government, Safety

FMCSA Sends HOS Proposal to White House for Review

The Federal Motor Carrier Safety Administration said it sent its revised hours-of-service rule to the White House for review last week and Administrator John Hill said he expected to announce details shortly.

December 3, 2007
Business, Safety

Truck Tonnage Falls 1.5% in October

Truck tonnage hauled in October declined 1.5% compared with the same month in 2006 — the 14th decline in 16 months — American Trucking Associations said.

December 3, 2007
Business, Logistics, Fuel, Government

Diesel Climbs 3.4¢ to $3.444

The national average price of diesel pushed past a record level for the third time in four weeks, rising 3.4 cents a gallon to $3.444, the Department of Energy reported.

December 3, 2007
Business

FedEx Ground Boosting Rates By 4.9%

FedEx Corp. said Friday it will increase its FedEx Ground unit’s shipping rates by an average of 4.9%, starting in January.

November 30, 2007
Business, Technology, Equipment, Safety

Ryder to Combine Supply Chain Units

Ryder System said Friday it will combine its U.S. and International Supply Chain Solutions business units to form a single integrated organization to serve SCS customers globally.

November 30, 2007