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

Daimler’s Second-Quarter Income Dips

DaimlerChrysler’s second-quarter net income fell 14% after the company took losses from its unprofitable Chrysler division, sold earlier this month, Bloomberg reported Wednesday.

August 29, 2007
Government, Business, Safety, Fuel

NHTSA to Issue Side Air Bag Rule

Federal officials next month are set to unveil a requirement that automakers install side air bags by the early part of the next decade, the Detroit News reported.

August 29, 2007
Business

Johansson Named CFO at Volvo Trucks

Christian Johansson has been appointed chief financial officer for Volvo Trucks, the company said Wednesday.

August 29, 2007
Business, Safety, Government

July Truck Tonnage Falls 3.7%

American Trucking Associations’ July for-hire truck tonnage index fell 3.7% from the same month a year ago but saw the first month-to-month increase since March, ATA said Monday.

August 28, 2007
Business

Fed Minutes Highlight Inflation Concerns

Federal Reserve officials put aside concerns about the rising credit costs at their Aug. 7 meeting because they were not convinced a slowdown in inflation would last, Bloomberg reported.

August 28, 2007
Fuel, Business, Logistics, Government

Diesel Dips 0.5¢ to $2.863

The average national retail price of diesel fuel fell a half-cent to $2.863 a gallon, the Energy Department said Monday.

August 28, 2007
Business

FedEx Launches U.S./U.K. Express Service

FedEx Corp. has launched a new direct express delivery service from its Memphis, Tenn. hub to Manchester, England.

August 28, 2007
Business

Berkshire Hathaway Boosts BNSF Stake

Berkshire Hathaway boosted its stake in Burlington Northern Santa Fe Corp., the second-largest U.S. freight railroad, to 15%, Bloomberg reported.

August 28, 2007
Business, Safety, Logistics

ATA Marks Truck Driver Appreciation Week

American Trucking Associations said it is taking this week to extend a national “pat on the back” to the 3.4 million U.S. professional truck drivers.

August 28, 2007
Government, Business

August Consumer Confidence Falls

U.S. consumer confidence in August fell by the most since the period immediately following Hurricane Katrina, the New York-based Conference Board said Tuesday.

August 28, 2007