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

Rail, Intermodal Freight Decline

Rail carload and intermodal freight both fell last week compared with a year ago, continuing a trend this year, the Association of American Railroads said Thursday.

May 17, 2007
Business, Government, Equipment

Truckers Sue Wal-Mart

A federal judge in Arkansas granted class-action status to truck drivers accusing Wal-Mart Stores of using racially discriminatory practices in hiring over-the-road drivers, the Arkansas Democrat-Gazette reported Thursday.

May 17, 2007
Business, Technology, Government, Logistics

CP Workers Begin Strike

About 3,200 track workers for Canadian Pacific Railway went on strike Wednesday, slowing down trucks picking up containers stored at rail terminals, Canada’s Globe and Mail reported.

May 17, 2007
Government, Business

April Economic Indicators Decline

An index of leading economic indicators fell in April, the New York-based Conference Board said Thursday.

May 17, 2007
Business, Safety

Calif. Ramp Fix Ahead of Schedule

The freeway ramp to Interstate 880 that collapsed after an April 29 gasoline-tanker accident last month is expected to be rebuilt by Memorial Day next weekend, ahead of schedule, the San Francisco Chronicle reported.

May 17, 2007
Business

Jobless Claims Fall by 5,000

Initial jobless claims fell by 5,000 last week, the Labor Department said Thursday.

May 17, 2007
Business

Industrial Production Rises in April

Industrial production rose 0.7% in April, the Federal Reserve said Wednesday.

May 16, 2007
Business

Velocity Takes Fiscal 3Q Loss

Velocity Express said Tuesday it lost $13.3 million or 49 cents a share in its fiscal third quarter ended March 31, compared with a loss of $3.9 million or 23 cents a year ago.

May 16, 2007
Business, Safety, Government

House Delays Mexican-Trucks Plan

The House voted overwhelmingly Tuesday to delay a Department of Transportation plan to allow Mexican trucks full access to U.S. highways, the Associated Press reported.

May 16, 2007
Business, Safety, Autonomous

DHS Sets $11.6 Mln. for Highway Watch Program

The Department of Homeland Security said Thursday it has issued an $11.6 million grant to the Highway Watch program it sponsors jointly with American Trucking Associations.

May 16, 2007