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.
May ISM Services Index Rises
The economy’s service sector growth rate improved in May to the highest level in a year, the Institute for Supply Management said Tuesday.
June 5, 2007Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157
Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.
June 5, 2007Averitt to Use SkyBitz Trailer-Tracking System
Averitt Express will use the global locating system trailer tracking technology made by trucking technology firm SkyBitz.
June 5, 2007Calif. Ports’ Plans Moving Forward Slowly
Plans to move freight more easily and producing less pollution from California’s ports remains a challenge involving a host of local, state and federal agencies, the Pasadena Star News reported.
June 5, 2007Paccar Completes European Acquisition
U.S. truck maker Paccar Inc. said its finance subsidiary completed acquisition of a German truck leasing company.
June 5, 2007FedEx, Teamsters at Odds Over Conn. Vote
A group of drivers at a FedEx Corp. unit’s terminal near Hartford, Conn., who voted 12 to 9 to join the Teamsters union last month may became members of a Teamsters local, the union said, but the company said the vote does not reflect the views of most of its employees.
June 4, 2007Factory Orders Increase 0.3%
Factory orders rose 0.3% in April, the Commerce Department said Monday.
June 4, 2007Mack Markets In-Cab System to Reduce Engine Idling
Mack Trucks introduced a new in-cabin power system as an option, joining several other truck manufacturers — including International, Kenworth and Peterbilt — in offering built-in units to limit idling.
June 4, 2007Portland Sets Biodiesel Mandate, to Begin July 1
CTA Opposes SoCal Port Plan
The California Trucking Association opposes regulations that would allow only newer, lower-emission trucks access to marine terminals, the Fresno Bee newspaper reported.
June 4, 2007