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.

Government, Business

Weber Buys ‘Environmentally Friendly’ Reefer Trailers

Weber Distribution, Santa Fe Springs, Calif., said it has purchased a new fleet of 150 “environmentally friendly” refrigerated trailers.

October 5, 2007
Business, Fuel

IMCC Opposes SoCal Ports’ Clean Truck Program

A group representing intermodal carriers has expressed its opposition to the Ports of Los Angeles and Long Beach clean truck program, which the ports predict will increase drayage rates by 80%.

October 4, 2007
Business, Safety, Government

Knight Eliminates President Position

Truckload carrier Knight Transportation said its president, Tim Kohl, is leaving the company and his position is being eliminated, Bloomberg reported.

October 4, 2007
Business, Equipment

ArvinMeritor Trims Earnings Estimate

Heavy-duty component maker ArvinMeritor said fiscal fourth-quarter earnings may be less than previously forecast by as much as 40 cents a share because of a sluggish economy and charges related to suppliers, Bloomberg reported.

October 4, 2007
Business

Jobless Claims Gain for Week

Initial jobless claims rose by 16,000 last week, the Labor Department said Thursday.

October 4, 2007
Government, Business

NASCAR’s Rusty Wallace Plugs Seat Belt Use for Truckers

The Federal Motor Carrier Safety Administration said Wednesday it unveiled a public service campaign featuring former NASCAR driver Rusty Wallace that is aimed at reminding truckers to use their seat belts.

October 3, 2007
Government, Business, Safety

Editorial: FMCSA Joins HOS Stay Request

The Federal Motor Carrier Safety Administration has joined American Trucking Associations’ attempt to postpone implementation of a federal court ruling against key portions of the current hours-of-service regulations.

October 3, 2007
Business, Fuel

Oil Hovers at $80 Following Inventory Report

Crude oil futures fell slightly following a Department of Energy report that showed an increase in inventories last week, Bloomberg reported Wednesday.

October 3, 2007
Business, Fuel

Oil Dips Following Inventory Report

Crude oil futures fell slightly following a Department of Energy report that showed an increase in inventories last week, Bloomberg reported Wednesday.

October 3, 2007
Business, Safety, Government

ISM Services Index Declines

The economy’s service sector growth slowed slightly in September from the previous month, the Institute for Supply Management said Wednesday.

October 3, 2007