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, Safety, Fuel

Calif. Eyes New Emissions Regs for Trucking, Ports

California regulators proposed new emissions rules for the state’s ports and the trucking industry, designed to begin compliance with ambitious “greenhouse gas” emissions reduction law, the Contra Costa Times reported Friday.

September 7, 2007
Business, Safety

Rail, Intermodal Traffic Decline

Rail and intermodal freight traffic were down from a year ago for the week ended Saturday, the Association of American Railroads said.

September 7, 2007
Business, Fuel, Government

DHL Signs Transport Contract With Wal-Mart

DHL said Thursday it signed a three-year agreement with Wal-Mart Stores to provide air express and ground shipping throughout the United States, supporting the retail giant's 4,000 stores nationwide.

September 6, 2007
Business, Safety, Government

ISM Services Index Unchanged In August

The U.S. economy’s service sector growth in August held at the same level as the previous month, the Institute for Supply Management said Thursday.

September 6, 2007
Business, Fuel

Oil Tops $76 a Barrel

Crude oil rose to a five-week high Thursday, topping $76 a barrel and approaching the all-time high set in late July, Bloomberg reported.

September 6, 2007
Business, Fuel, Government

UTi Worldwide’s 2Q Income Dips

Air and ocean freight forwarder UTi Worldwide said Thursday its fiscal second-quarter net income fell 20% to $27.7 million or 28 cents a share, from $34.5 million or 35 cents a year ago.

September 6, 2007
Government, Business, Safety

Productivity Reaches Two-Year High

Second-quarter U.S. worker productivity rose at an annual rate of 2.6%, the most in almost two years, the Labor Department said Thursday.

September 6, 2007
Business

Jobless Claims Reach Six-Month High

Initial jobless claims fell by 19,000 to 318,000 last week, the Labor Department said Thursday.

September 6, 2007
Business, Government

Fed ‘Beige Book’ Notes Some Trucking Industry Softening

Manufacturing expanded in most U.S. regions in August, though the trucking industry saw some weaknesses related to pricing and a declining housing market, the Federal Reserve said Wednesday.

September 5, 2007
Business

EPA Backs Hybrid Technology Program for Ports

The Environmental Protection Agency announced a new project Wednesday to develop and test a new technology on large equipment used to move goods from ships to trucks.

September 5, 2007