Business
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.
New Hill Faces Emerge After November Shake-up
WASHINGTON — After more than a decade in the minority — and the past six years relegated to near-obscurity behind a powerful Republican majority and a Republican White House — Democrats swept into power in November, capturing both houses of Congress.
Second Analyst Puts EGL’s Value at More Than Offer
A second analyst this month said that EGL Inc. Chief Executive Officer James Crane’s $36-a-share acquisition offer may be undervaluing company by 11% and probably will attract a higher bid from a buyout firm, Bloomberg reported.
March 13, 2007Canada Cartage Reports Profitable First Public Year
Canada Cartage Diversified Income Fund said Monday that its revenue rose 18.2% to C$275.3 million in its first year of operation as a public company, but lost C$300,000 or 1 cent per unit in the fourth quarter.
March 12, 2007Interpool Reports Higher Profit for 2006
Interpool Inc., a maker of shipping containers and chassis for intermodal container transportation, reported its 2006 net income rose, in part due to the sale of its container operating lease fleet.
March 12, 2007Gasoline Average Jump 20 Cents, Lundberg Survey Says
Average U.S. retail gasoline prices jumped 20 cents in the past two weeks to $2.55 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
March 12, 2007Technology Briefs — March 6 - March 12
New Mexico Senate Approves Biodiesel Bill • Dickinson Launches Online Maintenance Tool • Massachusetts Extends Fast Lane Discounts • IANA, T-Chek Set Fuel-Card Deal
March 12, 2007Oregon Nonprofit Group Features ‘Green’ Technology for Trucks
Cascade Sierra Solutions, a nonprofit group that promotes the sale of products to help truck drivers save fuel and reduce emissions, said it has opened the first of what could be as many as eight “green truck technology” showrooms along the Interstate 5 corridor in Oregon, Washington and California.
EPA Proposes Emission Cuts for Train and Marine Engines
The Environmental Protection Agency has proposed for the first time sharp cuts in exhaust emissions from railroad locomotive and marine engines in a plan a spokesman said would “follow exactly the same pattern” as environmental regulations for truck engines.
Sirva CEO Leaving Company for Position with Coca-Cola
Moving company Sirva Inc. said Friday that Chief Executive Officer Brian Kelley is leaving the company to take a position at Coca-Cola North America.
March 9, 2007DOT Issues Daylight-Saving Time Reminder
The Department of Transportation issued a reminder that starting in 2007, daylight-saving time will begin three weeks earlier, starting this weekend.
March 9, 2007