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, Government, Autonomous

Sen. Murray Sets Hearing on Border Plan

WASHINGTON — Advocacy groups and congressional leaders, citing safety concerns, questioned the Department of Transportation’s decision to allow Mexican trucks into the United States, and a key senator said she would hold a hearing on the issue.

March 7, 2007
Business, Government

Idaho Eyes Fees on Out-of-State Truckers

Two Idaho state senators want to raise an additional $57 million per year — largely from out-of-state truckers — to build and repair state roads, the Associated Press reported.

March 6, 2007
Business, Government

UPS Teams with Commerce Dept. to Promote U.S. Exports

The U.S. Department of Commerce announced Tuesday a new initiative with UPS Inc. to boost exports from U.S.-based small- and medium-sized enterprises.

March 6, 2007
Business, Government, Safety, Fuel, Logistics

Diesel Jumps 7.5 Cents to $2.626; Gas Soars 12.2 Cents

The average national price of diesel fuel jumped 7.5 cents to $2.626 a gallon, while gasoline soared 12.2 cents from last week to $2.505, the Department of Energy said Monday.

March 6, 2007
Business, Government

Factory Orders Plunge 5.6% in Biggest Decline in Six Years

Factory orders plunged 5.6% in January, the biggest drop in six years, the Commerce Department reported Tuesday.

March 6, 2007
Business, Government, Safety

Fourth-Quarter Productivity Rises 1.6%

Fourth-quarter U.S. worker productivity rose 1.6%, matching the level for the full year but lower than originally estimated, the Labor Department said Tuesday.

March 6, 2007
Business, Government, Safety, Logistics

Contrans’ Fourth-Quarter Income Rises

Canadian firm Contrans Income Fund reported it earned C$7.8 million or 34 cents a unit, compared with C$6.3 million or 33 cents a year earlier.

March 6, 2007
Business, Government, Safety

Frozen Food Express’ Fourth-Quarter Income Declines

Refrigerated truckload carrier Frozen Food Express Industries said Tuesday its fourth-quarter income fell to $3.4 million or 24 cents a share, from $6.4 million or 34 cents a year earlier.

March 6, 2007
Business, Equipment

Component Maker Accuride’s Fourth-Quarter Profit Dips

Commercial vehicle component maker Accuride Corp. said Tuesday it earned $14.3 million or 41 cents a share in the fourth quarter, compared with $14.9 million or 43 cents a year earlier.

March 6, 2007
Business

Allied Holdings to Be Taken Over by Yucaipa Cos.

Auto hauler Allied Holdings will be taken over by the private company Yucaipa Cos. under a bankruptcy exit plan filed jointly by the two firms, Bloomberg reported late Friday.

March 5, 2007