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.
States to Begin Collecting Fees Under New System
FMCSA has cleared the way for states to begin collecting registration fees under the new Unified Carrier Registration system, effectively bringing the curtain down on the widely disliked Single State Registration System.
September 3, 2007Roadway’s Lewis Is Named 2007 NTDC Grand Champion
MINNEAPOLIS — Alphonso Lewis, a city driver for Roadway Express in Montgomery, Ala., was named grand champion at the National Truck Driving Championships, the first African American to earn the honor.
September 3, 2007ATA Files Hours-of-Service Petition
American Trucking Associations submitted a petition Friday asking the Federal Motor Carrier Safety Administration to retain the 11-hour daily driving limit and 34-hour restart provisions of federal hours-of-service rules for truck drivers.
August 31, 2007Western, Smithway Delay Merger Closing Date
Western Express, which is planning to purchase Smithway Motor Xpress Corp. said late Thursday it would delay the deal’s closing to October because of recent volatility in U.S. credit markets.
August 31, 2007Karlsten to Head Volvo’s Global Powertrain Unit
Peter Karlsten, the head of Volvo Trucks North America, has been appointed president of Volvo Powertrain, a unit of the Sweden-based Volvo AB, the company said Thursday.
Chicago Manufacturing Index Improves
Manufacturing activity in the Chicago region saw a modest gain in August, the National Association of Purchasing Management said Friday.
August 31, 2007Consumer Sentiment Index Drops in August
U.S. consumer confidence fell to a one-year low this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
August 31, 2007Personal Spending Rises 0.4%
Consumer personal spending rose 0.4% in July, the Commerce Department said Friday.
August 31, 2007Western, Smithway Delay Closing
Western Express, which is planning to purchase Smithway Motor Xpress Corp. said late Thursday it would delay the deal’s closing to October because of recent volatility in U.S. credit markets.
August 31, 2007Rail, Intermodal Traffic Drop
Rail carload and intermodal freight traffic declined from a year ago for the week ended Saturday, continuing a trend this year, the Association of American Railroads said Thursday.
August 30, 2007