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

DOT Sets Conditions on Mexican Trucks Program

The Department of Transportation said that Mexican trucks will be allowed to operate throughout the United States under its pilot program as long as U.S. trucking companies have equal access south of the border, Bloomberg reported Friday.

August 17, 2007
Business, Government

Consumer Sentiment Index Falls to One-Year Low

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 17, 2007
Business, Safety

Rail, Intermodal Fall for Week

Rail carload and intermodal freight traffic fell from a year ago for the week ended Saturday, the Association of American Railroads said Thursday.

August 16, 2007
Business, Government

Philadelphia Factory Index Stalls in August

Manufacturing growth in the Philadelphia area stalled in August, the Federal Reserve Bank of Philadelphia said Thursday.

August 16, 2007
Government, Business, Safety

Florida Sets Left-Lane Restrictions on I-4

Heavy trucks will be banned from using the left lane of Interstate 4 along a 60-mile stretch through four counties in central Florida, the Orlando Sentinel reported Thursday.

August 16, 2007
Business, Logistics

Smart Move Reports 2Q Loss

Logistics management firm Smart Move lost $2.5 million or 23 cents a share in the second quarter, compared with a loss of $3.4 million or 75 cents a year ago.

August 16, 2007
Business

Jobless Claims Rise 6,000 for Week

Initial jobless claims rose 6,000 to 322,000 last week, the Labor Department said Thursday.

August 16, 2007
Government, Business, Fuel

Oil Dips Thursday After Topping $73 on Storm Concerns

Crude oil saw its biggest gain of the month Wednesday on concern that Hurricane Dean could damage Gulf of Mexico platforms and on-shore refineries and pipelines, but the price rolled back in early trading Thursday, Bloomberg reported.

August 16, 2007
Business, Safety, Government

DOT Grants Would Boost Tolls

DOT Grants Would Boost TollsThe U.S. Department of Transportation issued grants to five metropolitan areas that will require or promote greater use of tolls to decrease congestion.

August 15, 2007
Government, Business, Technology, Equipment, Safety

States to Delay Collecting SSRS Fees

States that participated in the Single State Registration System before its termination have agreed to postpone collecting fees until September, despite Congress’ extension of the program, officials said.

August 15, 2007