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.
Vermont Leaders Frustrated Over Emissions Rules
Vermont leaders expressed dismay at an effort by the Bush administration to oppose new state rules designed to reduce vehicle carbon emissions, amid growing concern the rules will be rejected by the Environmental Protection Agency, the Associated Press reported.
October 15, 2007I-5 Partially Reopened Near L.A. After Big Weekend Accident
California officials reopened southbound lanes of Interstate 5 near Los Angeles early Monday after a 31-vehicle pileup over the weekend killed three and closed a freeway tunnel, USA Today reported.
October 15, 2007LTL Fleets Open Talks With Teamsters for New Pact
Contract talks between the Teamsters union and representatives of the nation’s largest less-than-truckload freight carrier began Oct. 1 with representatives of both sides indicating a desire to secure an early agreement.
October 15, 2007Climate Debate Seen Aiding Larger Trucks
LAS VEGAS — Growing concern about global warming will help trucking’s push for longer and heavier vehicle limits, an issue that may be gaining “buoyancy” in Congress, ATA President Bill Graves said recently.
October 15, 2007Daimler Sheds Chrysler Brand, Renames N. American Division
Daimler AG marked the end of its nine-year marriage to Chrysler, dropping the U.S. automaker from its corporate name and renaming Freightliner LLC, its U.S. truck-building subsidiary, Daimler Trucks North America LLC.
October 15, 2007U.S. Retail Diesel Average Dips 1.3¢
The average retail price of diesel fuel fell 1.3 cents last week to $3.035 a gallon, the first decline after five straight increases, the Department of Energy said.
October 15, 2007J.B. Hunt’s Third-Quarter Income Slips
Truckload carrier J.B. Hunt Transport Services said late Thursday its third-quarter profit fell 12%, due to higher expenses and lower trucking revenue.
October 12, 2007Pennsylvania Set to Toll I-80
Pennsylvania officials are set to sign lease by Monday to convert Interstate 80 into a toll road, the Pittsburgh Post-Gazette reported Friday.
October 12, 2007U.S. Xpress Execs Complete Share Purchase
Executives of U.S. Xpress Enterprises said Friday they completed their planned purchase of the truckload carrier, for $20.10 per share.
October 12, 2007Retail Sales Rise 0.6% in September
Retail sales rose 0.6% in September, the Commerce Department said Friday.
October 12, 2007