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.

Government, Business, Fuel, Safety

Long Beach Approves Cargo Fee

The Port of Long Beach, Calif., Harbor Commission approved a $1.6 billion tax on cargo Monday to combat air pollution and clear the way for expansion projects, the Los Angeles Times reported.

December 18, 2007
Business

Busiest Shipping Week of Year Under Way

This week is projected to be the busiest of the year for the U.S. Postal Service and private shipping firms, news reports and shipping companies said.

December 17, 2007
Business

UAW Ratifies Navistar Pact

The United Auto Workers union ratified its contract agreement with Navistar International Corp., ending a seven-week strike, Bloomberg reported.

December 17, 2007
Business, Government, Fuel

Senate OKs Energy Legislation; Includes Truck Mileage Study

After two failed attempts, the Senate late on Dec. 13 passed an energy bill that includes the potential start of a program to increase heavy-duty truck mileage.

December 17, 2007
Government, Business, Safety

Smith to Build Electric Trucks in U.S.

Smith Electric Vehicles said it plans to establish a factory in the United States to produce up to 10,000 battery-powered trucks a year, starting in 2010.

December 17, 2007
Business, Government

New York State Economic Index Drops

Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Monday.

December 17, 2007
Business, Logistics, Safety

Ontario Issuing High-Tech Licenses

The Canadian province of Ontario has issued 15,000 new high-tech driver licenses to help combat identity theft, the Associated Press reported.

December 17, 2007
Business, Government, Logistics

Canadian Trucking Revenue Shows Gain

Statistics Canada said an estimated 3,579 for-hire trucking companies in that country had annual revenues of at least C$1 million in the first quarter of 2007.

December 17, 2007
Government, Business, Safety

FMCSA Keeps HOS Rule Intact

WASHINGTON — The Federal Motor Carrier Safety Administration, in a long-awaited response to a ruling striking down key portions of its driver hours-of-service regulation, said it would continue allowing drivers 11 hours behind the wheel daily and letting them reset the weekly limit after a 34-hour break.

December 17, 2007
Government, Business, Safety

Trailer Registrations Down 24.7%

Truck trailer sales and production continued to lag through the third quarter, with U.S. registrations of new units down 24.7%, year-over-year, and the decline of industrywide production levels accelerating.

December 17, 2007