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, Autonomous

Letters to the Editor: Maintenance Issues; Heavier Trucks

April 11, 2007
Business, Equipment

Cummins Crosspoint Workers End Strike

Employees of a distributor for diesel engine maker Cummins Inc. went back to work Monday after ending a week-long strike, the Associated Press reported.

April 10, 2007
Fuel, Business, Government

Diesel Climbs 5¢ to $2.84

The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last week’s 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.

April 10, 2007
Business, Logistics, Autonomous

Justice OKs Trucking Survey

The Justice Department said Tuesday it will not oppose a proposal by the National Association of Small Trucking Companies to conduct an operational and financial survey of small- and medium-sized trucking firms.

April 10, 2007
Business, Safety, Government

Saddle Creek Names President

Transportation and warehousing firm Saddle Creek Corp. said Tuesday that Bruce Abels is retiring as the company’s president effective July 1, and will be replaced by Cliff Otto.

April 10, 2007
Business

Big Oil’s Profits May Decline

Big oil companies’ profits may be reduced in coming years as more countries that produce oil demand higher shares of the revenues, the Wall Street Journal reported Tuesday.

April 10, 2007
Business

Sirva Reports ’06 Loss

Moving company Sirva Inc. said it took a preliminary loss from continuing operations of $55.1 million or 75 cents a share last year, compared with a loss of $265.4 million or $3.59 for 2005.

April 10, 2007
Business, Government, Autonomous

Daimler Sets Dealer Initiative

DaimlerChrysler Truck Financial announced a regional initiative Monday that it said will improve service to its Freightliner, Sterling and Western Star dealers in the United States and Canada.

April 9, 2007
Business

Buffett’s Berkshire Hathaway Buys 10.9% Stake in BNSF

Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has bought acquired a 10.9% stake in Burlington Northern Santa Fe Corp., becoming the railroad’s largest shareholder, news services reported Monday.

April 9, 2007