Business
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.
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, 2008Letters 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, 2008Ford, 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, 2008Navistar 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, 2008Diesel 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, 2008Williford 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, 2008Durable Goods Orders Fall 0.5%
Durable goods orders fell 0.5% in April, the Commerce Department said Wednesday.
May 28, 2008GAO 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, 2008New Home Sales Rise 3.3%
New home sales increased 3.3% in April, the Commerce Department said Tuesday.
May 27, 2008Knight Boosts Dividend
Knight Transportation said Tuesday its board increased its quarterly dividend to 4 cents a share, from 3 cents.
May 27, 2008