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, Technology, Equipment, Safety

Company Wins FMCSA Contract to Help Truckers Find Parking

Foster-Miller Inc. said Tuesday it was awarded a $396,000 contract from the Federal Motor Carrier Safety Administration to develop an automated system to help long-haul truckers find available parking.

August 1, 2007
Business, Safety, Government

After 8 Years, Va. ‘Mixing Bowl’ Construction Finishes

After eight years of construction, work on the $676 million Springfield interchange in Northern Virginia, site of one of the East Coast’s worst bottlenecks, is complete.

July 31, 2007
Business, Safety, Government

NAFTA Surface Trade Gains 5.2%

Surface trade among the United States, Canada and Mexico was 5.2% higher in May than a year earlier, the Department of Transportation said Tuesday.

July 31, 2007
Fuel, Business, Logistics, Government

Diesel Dips 0.3¢ to $2.886; Gasoline Tumbles Again

Diesel fuel’s national average pump price dipped 0.3 cent to $2.886 a gallon, while gasoline continued its downward trend, falling 8.2 cents to $2.876, the Energy Department said Monday.

July 31, 2007
Business

Germany’s MAN Reports Improved 2Q Profit

German truck maker MAN AG boosted its 2007 earnings forecast as its second-quarter profit more than doubled on higher sales in Eastern Europe, Bloomberg reported Tuesday.

July 31, 2007
Business, Logistics

Wabash Reports Higher 2Q Earnings

Trailer maker Wabash National Corp. reported its second-quarter profit rose to $5.9 million or 18 cents a share, from $5 million or 15 cents a year ago.

July 31, 2007
Government, Business

Construction Spending Declines 0.3%

Construction spending fell 0.3% in June, the Commerce Department said Tuesday.

July 31, 2007
Government, Business

Consumer Confidence Gains in July

U.S. consumer confidence rose this month, the New York-based Conference Board said Tuesday.

July 31, 2007
Business, Logistics, Government

Chicago Manufacturing Index Drops

Manufacturing activity in the Chicago region declined in July, the National Association of Purchasing Management said Tuesday.

July 31, 2007