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, Government

I-5 in Wash. State May Reopen to Truck Traffic Thursday

Interstate 5, part of which has been closed in Washington state since Monday due to flooding, could reopen to limited truck traffic Thursday night, the Seattle Times reported on its Web site.

December 6, 2007
Government, Business

Celadon Completes Share Repurchase; Sets New Plan

Truckload carrier Celadon Group said Wednesday it has completed the two million share stock repurchase program authorized by its board in late October.

December 5, 2007
Fuel, Business, Government

Oil Falls Following DOE Report

Oil prices dipped Wednesday following an Energy Department report that showed distillate inventories, which include diesel fuel and home heating oil, rose last week.

December 5, 2007
Business, Safety, Government

TWIC Enrollment Continues at U.S. Ports

Registration for truck drivers and other transportation workers to get the Transportation Workers Identification Credential, a biometric identification credential that will be required for unescorted access to secure areas at all U.S. ports.

December 5, 2007
Business, Safety, Government

ARTBA to Seek Exemption from HOS for Drivers in Construction Sector

WASHINGTON — The American Road and Transportation Builders Association said it would seek an exemption from federal hours-of-service rules for drivers in the construction industry, even as the group representing state enforcement officials said they would look to roll back the exemptions already in place.

December 5, 2007
Business, Government

N.C. Trucking Association Sets Safety Program

The North Carolina Trucking Association has teamed up with the Governor’s Highway Safety Program in launching a new state initiative aimed at enhancing commercial vehicle safety.

December 5, 2007
Business, Safety, Government

ISM Services Index Declines in November

The economy’s service sector growth rate declined in October, the Institute for Supply Management said Wednesday.

December 5, 2007
Government, Business, Logistics

Floods Close Stretch of I-5 in Northwest

Severe floods in the Pacific Northwest have closed a stretch of Interstate 5 until at least Thursday, news reports said.

December 5, 2007
Government, Business, Safety

Third-Quarter Productivity Jumps to 6.3%

U.S. worker productivity jumped to an annual rate of 6.3% in the third quarter from 2.2% the previous quarter, the Labor Department said Wednesday.

December 5, 2007
Government, Business

Senate Votes 77-18 for Peru Trade Bill

The Senate voted 77-18 Tuesday for a U.S.-Peru free-trade agreement, opening the way for expanded economic ties with that country, the Washington Post reported Wednesday.

December 5, 2007