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 Declines in May

An index of the U.S. economy’s service sector slipped in May from a month earlier but continued to show expansion, the Institute for Supply Management said Wednesday.

June 4, 2008
Business, Safety, Fuel, Government

Letters to the Editor: Fuel-Protests, Fuel-Intermodal, Fuel-Surcharges, Troopers in Trucks, Border Pilot Program

The only way fuel prices will ever come back down to reasonable levels is for our nation’s truckers to park their rigs for three to seven days. Even drivers for major companies would need to park and refuse to drive.

June 4, 2008
Business, Fuel

Oil Declines to $122 a Barrel

Crude oil continued its recent slide Wednesday, falling $2 to close at $122.30 a barrel on the New York Mercantile Exchange, Bloomberg reported.

June 4, 2008
Government, Business, Safety

FMCSA Warns About Anti-Smoking Drug Chantix

The Federal Motor Carrier Safety Administration has issued an advisory warning that the popular prescription smoking-cessation drug Chantix may adversely affect commercial drivers’ ability to operate their vehicles safely.

June 4, 2008
Government, Business, Safety

First-Quarter Productivity Upgraded to 2.6%

First-quarter U.S. worker productivity rose 2.6% from the previous quarter, up from an earlier estimate, the Labor Department said Wednesday.

June 4, 2008
Government, Business, Safety, Logistics

Opinion: A Clearinghouse for Drug and Alcohol Info

Just days after a new report recommended improvements to drug-testing programs that could better identify illegal drug users and keep them off the road, Reps. Jim Oberstar (D-Minn.), John Mica (R-Fla.) and Peter DeFazio (D-Ore.) announced their intention to introduce legislation aimed at establishing a national clearinghouse of positive drug-test results.

June 4, 2008
Government, Business, Safety, Logistics

Canadian Provinces Nearing Accord on Speed Limiters, OTA Says

The Ontario Trucking Association said that a joint meeting this week of the Ontario and Quebec government cabinets moved them closer to accord on trucking issues such as implementing speed limiter legislation and allowing for longer combination vehicles.

June 4, 2008
Fuel, Business, Safety, Government

GM Closing Four North American Plants

General Motors Corp. is closing four North American truck and sport utility vehicle plants, in light of high fuel prices that are pushing consumers to smaller vehicles, the Associated Press reported Tuesday.

June 3, 2008
Fuel, Business

Biodiesel Firm Secures $15.5 Million Investment

Three institutional investors have put $15.5 million in financing into Innovation Fuels, an Albany, N.Y., company that makes and distributes biodiesel fuel worldwide, financial firm Credit Suisse said Tuesday.

June 3, 2008
Fuel, Business, Government

Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976

The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.

June 3, 2008