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

Wholesale Inventories Rise 0.8%; Sales Jump 1.3%

Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.

November 7, 2007
Business, Safety, Government

House Panel Approves $2 Bln. to Toughen Bridge Inspection Standards

WASHINGTON — The House Transportation and Infrastructure Committee last week approved a $2 billion plan to toughen bridge inspection standards and limit states’ ability to spend federal bridge funds on other projects.

November 7, 2007
Business, Safety, Government, Logistics

Mullen’s Third-Quarter Income Gains

Canadian transportation firm Mullen Group Income Fund’s third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.

November 7, 2007
Business, Safety, Government, Logistics

Pacer’s President Steps Down; Orris to Take Intermodal Post

Transportation and logistics firm Pacer International said Wednesday that its president, Tom Shurstad, is leaving the company and that its retired chief executive officer, Don Orris, will become president of its intermodal segment.

November 7, 2007
Government, Business, Safety

Third-Quarter Productivity Jumps 4.9%

U.S. worker productivity rose at an annual rate of 4.9% in the third quarter, the most in four years, the Labor Department said Wednesday.

November 7, 2007
Government, Business, Safety, Fuel

Oil Tops $98 a Barrel

Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.

November 7, 2007
Business

Highway Watch Membership Tops 750,000

Highway Watch said its enrollment recently topped 750,000.

November 6, 2007
Business, Safety, Government

Opinion: Active Surveillance Can Be Tricky

Many carriers are still using those “How’s my driving?” decals featuring an 800 number the public can call to report a driver they consider unsafe.

November 6, 2007
Business, Safety, Fuel

SoCal Ports Set Plan to Ban Older Trucks

The Port of Long Beach said it is joining the Port of Los Angeles in setting a plan to bar older trucks from operating at the port, and approved a tariff structure that will gradually limit access to all but the cleanest vehicles.

November 6, 2007
Government, Business, Safety, Fuel

Diesel Soars 14.6¢ to Record $3.303; Gas Jumps Over $3

Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week’s record to $3.303 a gallon, the Department of Energy said.

November 6, 2007