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.
TransForce Signs Deal to Purchase Courier
Canadian transportation and logistics firm TransForce Income Fund said it had signed a definitive agreement to buy Century II Holdings, which owns courier company Information Communication Services.
September 17, 2007New York Manufacturing Index Declines
Manufacturing growth in New York state declined in September, the Federal Reserve Bank of New York said Monday.
September 17, 2007Hours-of-Service Rule Change Stalls
Recent legal moves by American Trucking Associations will temporarily keep existing driver hours-of-service rules in place, trucking officials said.
September 17, 2007Fleet Directors Minimize Tires’ Cost
Tire wear and tear is inevitable, but carriers can minimize its effects by choosing high-quality materials and being rigorous about maintenance and checking correct air pressures, several fleet maintenance chiefs and tire manufacturers say.
September 17, 2007Senate Blocks Funds for Mexican Truck Pilot Plan
The Senate last week stripped funding for the Transportation Department’s cross-border trucking program from DOT’s budget just days after the first Mexican truck was allowed to deliver freight to a destination in the United States.
September 17, 2007Diesel Price Gains 3.1¢ to $2.924
The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.
September 17, 2007Navistar Wins $71.5 Mln. Military Contract
Truck and engine maker Navistar International Corp. said its military affiliate, International Military and Government LLC, won a $71.5 million contract from the U.S. Marine Corps to provide parts support for the Corps’ International MaxxPro mine-resistant ambush-protected vehicles.
September 14, 2007UPS Expands Air Service in Japan
UPS Inc. said it reached agreement with the U.S. State and Transportation Departments to expand its air operations to and from Japan.
September 14, 2007Consumer Confidence Rises in September
U.S. consumer confidence rose slightly this month, according to the University of Michigan’s latest consumer sentiment index, released Friday.
September 14, 2007Import Prices Decline, Labor Says
The price of goods imported to the United States dipped in August on lower oil costs, the Labor Department said Friday.
September 14, 2007