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.
Corzine May Sue NYC Over Congestion-Fee Plan
New Jersey Gov. Jon Corzine (D) may sue New York City over a planned congestion-fee program for central Manhattan, but the program is facing doubts from lawmakers in the New York State Assembly, the New York Post reported Thursday.
April 3, 2008Menlo Boosts Use of SmartWay-Approved Carriers
Menlo Worldwide Logistics, a subsidiary of Con-way Inc., said Thursday it is increasing its use of carriers approved by the U.S. Environmental Protection Agency’s SmartWay program.
April 3, 2008California, 17 States Sue EPA on Greenhouse Gas Data
California and 17 other states have sued the U.S. Environmental Protection Agency, seeking the release of a court-mandated determination that greenhouse gases endanger public health or welfare, Bloomberg reported Wednesday.
April 3, 2008Arrow Trucking to Replace Fleet with New Freightliners
Flatbed carrier Arrow Trucking Co. has entered into a financing agreement with DaimlerChrysler Truck Financial under which it will replace its 1,400-truck fleet over five years, the Tulsa World newspaper reported Thursday.
April 3, 2008Oil Rises Following DOE Report
Crude oil surged more than $3 a barrel and gasoline futures reached a record Wednesday, following a report that showed that gasoline inventories fell for a third straight week, Bloomberg reported.
April 2, 2008Officials Postpone Weekend Closures on Capital Beltway
Bad weather in the forecast has delayed closure of parts of Interstate 95/495 near Washington, D.C., that had been scheduled for this weekend, the Maryland State Highway Administration said.
April 2, 2008Pacer, BNSF Expand Intermodal Service
Pacer International said it has expanded intermodal services between its Pacer Stacktrain unit and BNSF Railway Co., which will allow it to begin full service on BNSF’s network.
April 2, 2008Morgan Stanley Downgrades Daimler, Boosts Volvo’s Outlook
Financial firm Morgan Stanley downgraded Germany-based truck maker Daimler AG, and upgraded Sweden-based truck maker Volvo AB, Bloomberg reported Wednesday.
April 2, 2008Bernanke Warns of Possible Recession
Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may contract in the first half of this year, saying a recession was possible, the Associated Press reported.
April 2, 2008Congress Grills Oil Executives on High Prices
A congressional panel questioned the huge profits of oil companies, as prices soared to records, the Washington Post reported Wednesday.
April 2, 2008