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

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, 2007
Fuel, Business, Logistics, Government

Diesel 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, 2007
Business, Technology, Equipment, Safety

Averitt 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, 2007
Business, Government

Calif. 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, 2007
Business, Autonomous

Paccar Completes European Acquisition

U.S. truck maker Paccar Inc. said its finance subsidiary completed acquisition of a German truck leasing company.

June 5, 2007
Business

FedEx, 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, 2007
Business, Government

Factory Orders Increase 0.3%

Factory orders rose 0.3% in April, the Commerce Department said Monday.

June 4, 2007
Business, Government, Safety, Technology, Equipment, Autonomous

Mack 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, 2007
Government, Business, Safety, Fuel

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