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.

Government, Business, Safety, Technology, Equipment

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, 2007
Business, Safety, Logistics, Autonomous

Roadway’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, 2007
Business, Government, Safety, Autonomous

ATA 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, 2007
Business

Western, 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, 2007
Business

Karlsten 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.

Frederick Kiel | Staff Reporter
August 31, 2007
Business, Logistics, Government

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, 2007
Business, Government

Consumer 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, 2007
Government, Business

Personal Spending Rises 0.4%

Consumer personal spending rose 0.4% in July, the Commerce Department said Friday.

August 31, 2007
Business

Western, 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, 2007
Business, Safety

Rail, 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