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

Opinion: Driver Safety, Retention Challenge Truckers

When I think about driver safety, retention, recruiting and productivity, the actions of four groups come to mind: shippers, receivers, carriers and government. Each plays an integral part in developing efficient truckload capacity in America.

November 14, 2007
Business, Safety, Government

TxDOT Recommends Use of Existing Highways in Trans-Texas Corridor

The Texas Department of Transportation said that existing highways could be incorporated into the proposed Trans-Texas Corridor, a planned 4,000 mile superhighway that would incorporate tolling and truck-only lanes.

November 14, 2007
Business, Safety, Government

Savannah Port Enrolls Workers in TWIC

The Transportation Safety Administration said that that beginning Thursday, some 23,000 workers from the Port of Savannah, including truck drivers, are expected to enroll in the Department of Homeland Security’s Transportation Worker Identification Credential Program.

November 14, 2007
Business, Government

Business Inventories Gain 0.4%

Business inventories rose 0.4% in September, while sales increased 0.6%, the Commerce Department said Wednesday.

November 14, 2007
Business

Bush Nominates New PHMSA Head

President Bush has nominated Carl Johnson to head the Pipeline and Hazardous Materials Safety Administration, Bloomberg News reported.

November 14, 2007
Business

Trailer Bridge's 3Q Earnings Fall

Trailer Bridge Inc. said Wednesday it earned $364,813 or 3 cents a share in the third quarter, compared with $1.9 million or 16 cents a year ago.

November 14, 2007
Business, Government

Retail Sales Rise 0.2% in October

Retail sales rose 0.2% in October, the Commerce Department said Wednesday.

November 14, 2007
Fuel, Business, Government

Diesel Soars 12.2 cents to Record High of $3.425

For the second straight week, the price of diesel fuel reached a new all-time record, jumping 12.2 cents to $3.425, the Department of Energy said Tuesday.

November 13, 2007
Business, Safety, Government

Legislators Drop Amendment to Block I-80 Tolls

An amendment that would have blocked tolling on Interstate 80 in Pennsylvania was dropped from the 2008 federal transportation appropriations legislation, said the congressmen who introduced the measure

November 13, 2007
Business, Logistics

AirIQ Posts 3Q Loss

Canadian technology firm AirIq Inc., which provides wireless location services to the trucking industry, said it lost C$3.4 million, or 2 Canadian cents per share, in the third quarter, compared with a loss of C$1.2 million, or 1 Canadian cent, a year earlier.

November 13, 2007