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.
Express-1 Unit Buys Logistics Firm
Express-1 Expedited Solutions said it bought Concert Group Logistics for $9 million in cash and 4.8 million shares of stock.
February 4, 2008Delphi’s Loss Increases; Bankruptcy Plan Approved
Parts maker Delphi Corp. reported a net loss in December of $964 million, more than double that of the same month a year earlier, Bloomberg reported.
February 4, 2008Karmak Updates Its Management System
Karmak Inc., a software supplier for the trucking industry, said it has released a major update of its Legend business management system, designed solely for the heavy-duty trucking industry.
February 4, 2008ATA Leaders Agree on Need for Unity to Address Key Issues
WASHINGTON — With an eye on the congressional debate next year over reauthorizing transportation legislation, leaders of American Trucking Associations agreed on the need for the industry to come together on key issues and established a task force to work on safety issues.
February 4, 2008Oberstar Criticizes Administration on Handling of Transport Issues
WASHINGTON — The Democratic chairman of the House Transportation and Infrastructure Committee, in a speech to American Trucking Associations’ winter meeting here, delivered a scathing criticism of the Bush administration’s handling of transportation issues as he backed the report of a congressional commission that called for major federal spending on infrastructure funded by fuel-tax increases.
February 4, 2008Truck Tonnage Rises 1.4% in December
December truck tonnage increased by 1.4% from year-ago levels, the first back-to-back improvement in freight volume since May and June 2006, American Trucking Associations reported in its national index.
February 4, 2008Fleets Weigh Competing Technologies as New Emission Standards Loom
Truck buyers for some of the nation’s largest fleets are already contemplating their choices for the January 2010 generation of heavy-duty truck engines. Their challenge is matching the original equipment manufacturers they like with one of the two main technologies upon which the OEMs will rely.
February 4, 2008UAW Begins Strike at Volvo’s Va. Truck Plant
Volvo Trucks North America said Friday it failed to reach agreement with the United Auto Workers union on a labor contract that expired Thursday, and about 2,600 UAW members at its manufacturing plant in Virginia went on strike there Friday.
February 1, 2008Cummins’ Profit Rises in Fourth Quarter
Diesel engine maker Cummins Inc. said Friday its fourth-quarter profit rose to $198 million, or $1 a share, from $189 million or 94 cents, a year ago.
February 1, 2008Construction Spending Falls 1.1%
Construction spending fell 1.1% December, the Commerce Department said Friday.
February 1, 2008