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, Fuel, Safety, Government

UPS to Handle DHL’s North America Air Service

UPS Inc. said Wednesday it will provide air transportation in North America for competitor DHL Express, as DHL works to cut costs.

May 28, 2008
Government, Business, Safety, Fuel, Technology

Letters to the Editor: Ban on Independents, Exporting U.S. Diesel, Ticketing Truckers, Fuel and Emissions

In response to the Los Angeles Port Authority’s looming ban on owner-operators, it never ceases to amaze me that our governmental bodies believe they have autonomous authority over all things.

May 28, 2008
Fuel, Business, Safety, Equipment, Government

Ford, American Axle Plan Job Cuts

Ford Motor Co. plans to lay off up to 12% of its salaried employees by August as part of a restructuring in the face of slumping sales and high fuel prices, the Associated Press reported Wednesday.

May 28, 2008
Business

Navistar Sees Record Revenue in ’08

Truck and engine maker Navistar International Corp. said Wednesday that in the first half of this year its revenue will be $6.7 billion to $6.9 billion, and it will have a manufacturing segment profit of $375 million to $425 million.

May 28, 2008
Fuel, Business

Diesel Soars 22.6¢ to Record $4.723 a Gallon

Diesel fuel topped its recent big jumps in soaring 22.6 cents to an average $4.723 a gallon nationwide, for a third straight record high, the Department of Energy said Tuesday.

May 28, 2008
Business, Technology, Equipment, Safety

Williford to Lead Ryder’s Supply Chain Unit

Ryder System said Wednesday it appointed John Williford to serve in the newly created position of president of Ryder's global supply chain solutions unit.

May 28, 2008
Business, Government

Durable Goods Orders Fall 0.5%

Durable goods orders fell 0.5% in April, the Commerce Department said Wednesday.

May 28, 2008
Business, Safety

GAO Cites Port-Security Flaws

A Government Accountability Office report being released Tuesday shows gaps in a federal government port-security program, the Associated Press reported.

May 27, 2008
Business, Government

New Home Sales Rise 3.3%

New home sales increased 3.3% in April, the Commerce Department said Tuesday.

May 27, 2008
Business, Safety, Government

Knight Boosts Dividend

Knight Transportation said Tuesday its board increased its quarterly dividend to 4 cents a share, from 3 cents.

May 27, 2008