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

Second-Quarter Productivity Rises 1.8%

Second-quarter U.S. worker productivity rose 1.8%, the Labor Department said Tuesday.

August 7, 2007
Business, Equipment

Goodyear Appoints Schmitz CFO

Goodyear Tire and Rubber Co., Akron, Ohio, said Tuesday it appointed Mark Schmitz its new chief financial officer.

August 7, 2007
Business

Postal Service Reports Results for Fiscal 3Q

Priority and express volumes at U.S. Postal Service declined during the organization’s fiscal third quarter, while parcel post shipments increased slightly, the postal service said.

August 7, 2007
Government, Business, Safety, Fuel

Senate Panel Gives EPA October Deadline to Rule on Calif. Carbon Emissions Request

Just weeks after Environmental Protection Agency Administrator Stephen Johnson said he would delay ruling on California’s nearly 2-year-old request for approval to limit vehicle emissions of greenhouse gases until the end of the year, a Senate committee passed a bill directing him to decide by October.

August 7, 2007
Business

Kenworth Delivers First Hybrid Truck

30Truck manufacturer Kenworth Truck Co., Kirkland, Wash., on Monday announced it had delivered its first hybrid-electric truck to a U.S. customer.

August 7, 2007
Business, Technology, Equipment, Safety

Telargo to Provide Telematics System for LeasePlan USA

Fleet management services firm Telargo Inc. said Monday it will provide telematics systems for vehicle leasing company LeasePlan USA, Alpharetta, Georgia.

August 7, 2007
Business

Wright Express' Earnings Improve in Q2

Wright Express, which provides payment processing and information management services to the trucking industry, reported Tuesday it earned $18.3 million, or 45 cents a share in the second quarter, compared with $9.9 million or 24 cents in 2006.

August 7, 2007
Business, Logistics

Pattullo Joins Ceva as CEO

Ceva Logistics, which last Thursday completed its acquisition of Houston-based EGL Inc., said John Pattullo has joined the company as its new chief executive officer.

August 6, 2007
Business

Nardelli to Lead Chrysler

Chrysler LLC, the U.S. automobile manufacturing unit of Daimlerchrysler, has appointed Jeff Nardelli as its chief executive officer, Bloomberg News reported Monday.

August 6, 2007
Government, Business, Safety, Equipment

Cooper Tire's 2Q Income Improves

Cooper Tire and Rubber Co. said Monday its net income rose to $17.6 million or 28 cents a share, compared with a net loss of $21 million or 34 cents a share a year ago.

August 6, 2007