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

Heartland Sets Special Dividend

Truckload carrier Heartland Express late Monday declared a special dividend of $2 a share to be paid on May 30.

May 15, 2007
Business, Government

CPI Rises 0.4% in April

The consumer price index rose 0.4% in April, the Labor Department reported Tuesday.

May 15, 2007
Business

EGL Gets New Bids; Profit Jumps

EGL Inc. said it received revised proposals from the two bidders attempting to buy the company.

May 15, 2007
Business, Government

N.Y. Manufacturing Index Gains

Manufacturing growth in New York rose this month, the Federal Reserve Bank of New York said Tuesday.

May 15, 2007
Government, Business, Safety, Fuel

Bush Outlines Emissions-Reduction Plan

President Bush on Monday ordered U.S. government agencies to begin taking regulatory steps to curb vehicle emissions and urged Congress to enact legislation to reduce U.S. dependence on foreign oil.

May 14, 2007
Government, Business

Paccar Says Engine Plant Will Be Sited in Mississippi

Truck maker Paccar Inc. will site a new $400 million engine facility and technology center in Columbus, Miss.

May 14, 2007
Business, Autonomous

Daimler to Sell Chrysler UnitTo Private Firm for $7.4 Bln.

DaimlerChrysler will sell its Chrysler unit to a private-equity firm for $7.4 billion, abandoning a nine-year effort to make the division profitable, Bloomberg reported Monday.

May 14, 2007
Government, Business, Safety

Court OKs Allied’s Reorg. Plan

Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.

May 14, 2007
Business, Technology, Equipment, Safety

TMW Cites First-Quarter Upturns

Trucking software provider TMW Systems said it was “pleased” with its first-quarter financial performance and production output.

May 14, 2007
Business, Safety, Government

Innovative Computing Adds Features

Innovative Computing Corp. added several features to its main transportation package, called Innovative Enterprise Software, the company said.

May 14, 2007