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.

Business, Technology, Government

Tropical Storm Moves Toward South Texas

A strengthening tropical storm in the Gulf of Mexico is moving toward the South Texas coast, but is on a track to bypass most of the state’s oil refineries, the Associated Press reported Wednesday.

August 15, 2007
Business, Logistics

US 1 Industries’ 2Q Income Rises

Logistics firm US 1 Industries said late Tuesday its second-quarter net jumped to $1.1 million or 9 cents a share, from $317,000 or 3 cents a year ago.

August 14, 2007
Business, Government

Hino to Team with Chinese Truck Maker

Hino Motors Ltd., the truckmaking unit of Toyota Motor Corp., will team with a Chinese manufacturer to make trucks and buses in China, Bloomberg reported.

August 14, 2007
Business, Safety, Government

Trimac’s 2Q Income Improves

Canada-based transportation firm Trimac Income Fund said its second-quarter net earnings rose to C$7.9 million or about 17 cents per unit, from C$4.3 million or 8 cents a year earlier.

August 14, 2007
Business, Safety, Government

DOT Sets $354 Mln. to Back NYC Congestion-Fee Plan

The U.S. Department of Transportation said Tuesday it has allocated $354 million to finance New York City’s congestion fee-based traffic plan, the New York Times reported.

August 14, 2007
Fuel, Business, Logistics, Government

Diesel Drops 5.1¢ to $2.847

Diesel fuel’s national average pump price dropped 5.1 cents off an 11-month high to $2.847 a gallon, the Energy Department reported Monday.

August 14, 2007
Business, Government

Business Inventories Rise 0.4%; Sales Dip

U.S. business inventories rose 0.4% in June, while sales fell, the Commerce Department said Monday.

August 13, 2007
Business, Government

Business Inventories Rise 0.4%; Sales Dip

U.S. business inventories rose 0.4% in June, while sales fell, the Commerce Department said Monday.

August 13, 2007
Business, Safety, Logistics

ATA to Revive Information Tech Council

American Trucking Associations said it is bringing back its Information Technology and Logistics Council to meet a growing demand by ATA carrier members seeking technical and educational opportunities for their IT, logistics and operations managers.

August 13, 2007
Fuel, Business, Government

Oregon Sets Biodiesel Mandate

Oregon has become the fifth state to enact a biodiesel requirement and the first to require strict testing of the fuel.

Andrea Fischer | Staff Reporter
August 13, 2007