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.
Sirius, XM Satellite Unveil Post-Merger Package Plans
Satellite radio firms Sirius Satellite Radio and XM Satellite Radio Holdings, which are seeking federal approval to merge, said Monday they plan to offer a la carte plans to customers starting at $6.99 a month for 50 channels, the Associated Press reported.
July 23, 2007Pittsburgh Logistics Launches Truckload Van Service
Pittsburgh Logistics Systems said Monday that its freight division has begun to offer truckload van service for general commodities, in addition to its flatbed service.
July 23, 2007Officials Say APU Technology Not Ready to Meet Planned Calif. Regulation
Teamsters, USF Agree to Tentative Contract, Union Says
The Teamsters Union said it negotiated a tentative agreement covering newly organized workers at less-than-truckload carrier USF Reddaway, a unit of YRC Worldwide.
July 23, 2007PeopleNet Promotes Konezny to CEO
PeopleNet Communications’ said Monday that Chief Operating Officer Ron Konezny was promoted to chief executive officer, effective immediately.
July 23, 2007AirIQ Names Willey as Permanent CEO
TT 100: Private Equity Alters For-Hire Trucking Landscape
Trucking attracted significant new investment from private equity firms, and many of the top for-hire carriers responded to changing business conditions by moving into new markets, both here and abroad, according to the 2007 edition of the Transport Topics 100.
July 23, 2007June Truck Sales Plunge 57.9%
Class 8 June truck sales plummeted by 57.9% from a year ago to the lowest level since March 2003, when the last sales bust after a regulation-induced pre-buy was ending.
July 23, 2007Con-way to Purchase CFI
Less-than-truckload carrier Con-way Inc. launched a major foray into the truckload sector by reaching an agreement last week to buy Contract Freighters Inc. for $750 million in cash.
July 23, 2007Court Rejects Hours-of-Service Rule
A federal appeals court last week struck down key provisions of the government’s latest commercial driver work rules, the second time in three years the court has rejected attempts to rewrite the original, 68-year-old regulations.
July 23, 2007