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, Safety, Government

WSDOT to Close Portions of I-5 North

The Washington Department of Transportation said it is preparing to close a 1.1 mile stretch of Interstate 5, a major highway leading to downtown Seattle, for a 19 day repair project.

August 8, 2007
Government, Business, Safety

Nerve Agent Waste Transfers Okay to Proceed, Judge Says

A federal judge in Indiana has denied environmentalists' request that he block truck shipments of nerve agent waste from Newport Chemical Deport in the Western portion of the state to an incinerator in Texas, the Associated Press reported.

August 8, 2007
Business, Safety, Technology, Government, Logistics

CSX Transportation, Kentucky to Cooperate on Rail Security

Freight railroad CSX Transportation said it has entered into an agreement with the state of Kentucky under which state law enforcement officials will be able to track the location of CSX trains and monitor the contents of the carrier’s railcars.

August 8, 2007
Business

Fed Again Holds Interest Rate at 5.25%

For the ninth straight time, the Federal Reserve voted to keep the benchmark U.S. interest rate at 5.25%.

August 7, 2007
Business

GM Completes Sale of Allison Unit

General Motors Corp. on Tuesday closed the sale of its Allison Transmission commercial and military business to buyout firms Carlyle Group and Onex Corp., Bloomberg News reported.

August 7, 2007
Business, Logistics

Expeditors’ 2Q Profit Rises

Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago.

August 7, 2007
Business, Logistics

Expeditors’ 2Q Profit Rises

Logistics firm Expeditors International of Washington’s second-quarter profit rose 16% to $65.5 million or 30 cents a share, from $56.3 million or 25 cents a year ago.

August 7, 2007
Fuel, Business, Logistics, Government

Diesel Rises 1.2 Cents to $2.898 a Gallon

The national average price of diesel fuel rose to its highest level this year, climbing 1.2 cents to $2.898 a gallon, the Department of Energy reported Monday.

August 7, 2007
Business

USF Workers Ratify Contract With Teamsters

About 425 drivers and dock workers at USF Reddaway, a unit of less-than-truckload carrier YRC Worldwide, have ratified a new labor contract with the Teamsters, the union said Tuesday.

August 7, 2007
Government, Business, Safety

Editorial: Repairing the HOS Rule

It’s unfortunate that the U.S. Circuit Court of Appeals voted to vacate portions of the newest hours-of-service rule put forth by the Federal Motor Carrier Safety Administration.

August 7, 2007