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

Jobless Claims Fall for Week

Initial jobless claims fell by 12,000 last week to 308,000, the Labor Department said Thursday.

July 12, 2007
Business, Fuel, Safety, Government

U.S., China Sign Air Pact

The United States and China have signed an aviation agreement that will significantly increase passenger and cargo flights between the two countries, the Department of Transportation said.

July 12, 2007
Government, Business, Equipment

Cummins Boosts Dividend

Diesel engine maker Cummins Inc. said its board agreed to raise the company’s quarterly cash dividend by 25 cents per share, from 18 cents per share, a 39% increase.

July 11, 2007
Government, Business, Safety

Trucking Firms Working to Keep Drivers Healthy

Trucking firms are taking more measures to help the health of drivers, helping to boost both drivers’ welfare and their own bottom lines, the Associated Press reported.

July 11, 2007
Business, Safety, Government, Fuel

E&MU: Air Bags Prove to Be a Tough Sell

When a motor vehicle hits an object head-on, the rapid deceleration jerks the bodies of drivers and passengers forward, putting them at risk of serious injury or worse. That is why front-seat air bags are a standard supplemental restraint to seat belts in passenger cars.

July 11, 2007
Business, Safety, Government

Opinion: New Chairman Sets Priorities for ATA

In 1976, I was writing a college paper on the case for deregulating the trucking industry. Little did I realize then that, 31 years later, I would take the helm of American Trucking Associations, the premier trade group in transportation.

July 11, 2007
Government, Business, Safety

Mexico Posts Requirements for U.S. Trucks Seeking Access to Roads Under Pilot Project

The Mexican government has posted its requirements and procedures for U.S. trucking companies seeking access to its highways as part of a controversial cross-border pilot project.

July 11, 2007
Business, Government

UPS Faults Teamsters on Freight Unit Organizing

UPS Inc. said some of the Teamsters’ union’s locals are using a “campaign of deception” in an attempt to organize the company’s freight-hauling unit, Bloomberg reported.

July 11, 2007
Business, Logistics, Fuel, Government

Diesel Price to Rise, DOE Says

National average diesel prices are expected to climb for the next three months before receding slightly toward the end of the year, according to projections by the Department of Energy.

July 11, 2007
Government, Business

Utility Opens New Minn. Trailer Facility

Trailer maker Utility Trailer Manufacturing Co. said Wednesday that its dealer, Allstate Sales & Leasing Corp., opened a new facility in Minnesota.

July 11, 2007