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

Fed ‘Beige Book’ Notes Mixed Trucking Activity

A report from the Federal Reserve’s regional banks suggested that economic activity continued to expand, although trucking’s outlook varied by region.

October 18, 2007
Business, Safety, Government

Peters Asks Congress to Approve Mexican Truck Program

Transportation Secretary Mary Peters asked Congress Wednesday to reconsider its pending prohibition and let a cross-border trucking demonstration program between the United States and Mexico proceed.

October 17, 2007
Business, Safety

I-5 Tunnel Concerns Cited Following SoCal Crash

A chain-reaction crash on Interstate 5 that left three people dead was apparently caused when a trucker lost control emerging from the tunnel, and some truckers cited concerns with the tunnel’s configuration, the Los Angeles Times reported Wednesday.

October 17, 2007
Fuel, Business, Government

Oil Inventories Rise; Crude Tops $87 a Barrel

Inventories of crude oil, gasoline and distillate fuel all rose last week, the Energy Department reported Wednesday, following Tuesday’s closing-price crude oil record of more than $87 a barrel.

October 17, 2007
Business

Pa. I-80 Toll Plan Moves Forward

Pennsylvania officials have forwarded documents to Federal Highway Administration in a first step toward converting Interstate 80 to a toll road, the Pittsburgh Post-Gazette reported Wednesday.

October 17, 2007
Business, Logistics

CSX’s Third-Quarter Income Rises

Eastern freight rail line CSX Corp.’s third-quarter earnings jumped 24% from a year earlier, the railroad said late Tuesday.

October 17, 2007
Fuel, Business, Government

Consumer Price Index Rises 0.3% in September

The consumer price index rose 0.3% in September, led by increases in food and fuel, the Labor Department said Wednesday.

October 17, 2007
Government, Business

States Receive FHWA Funds to Ease Delays

The Federal Highway Administration announced Oct. 5 it is issuing nearly $5 million in grants to six states to “reduce traffic jams near highway construction sites by speeding project completion.”

October 17, 2007
Business

Two TSA Laptop Computers Stolen

Two laptop computers with personal information about U.S. commercial drivers who transport hazardous materials are missing and considered stolen, the Associated Press reported Tuesday.

October 16, 2007
Government, Business, Safety

Court Says FedEx Drivers Can Sue for Status; Company Plans To Appeal

A federal judge ruled Monday that FedEx Corp.’s independent drivers can sue as a group for benefits sought in a lawsuit filed by workers claiming they should be paid as full-time employees, Bloomberg reported.

October 16, 2007