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.
Fourth-Quarter Productivity Rises 3%
U.S. productivity rose 3% in the fourth quarter, following a 0.1% decline in the third quarter, the Labor Department said Wednesday.
February 7, 2007Some Electronic Onboard Recorder Makers Applaud Mandate
Manufacturers of electronic onboard recorders had differing views of the federal government’s proposal to require recorders for some motor carriers, with some saying the government was treating EOBRs punitively and others hailing the move as an important safety development.
Security & Safety Briefs — Feb. 1 - Feb. 7
Iteris Reports Higher 3Q Revenue, Operating Income • Maine Lawmakers Seek ‘Real ID’ Repeal • Stepped-Up Laws, Enforcement Boost Road Safety, Paper Reports
February 7, 2007DOE Lowers 2007 Diesel Price Forecast to $2.59 a Gallon
Diesel prices will average $2.59 this year, down from $2.705 last year and 7 cents below an earlier forecast, the Department of Energy said Tuesday.
February 6, 2007ArvinMeritor Expects Loss From Emissions Unit Sale
ArvinMeritor Inc. said it would take a loss on the pending $310 million sale of its emissions technology business to a private equity firm, Bloomberg reported.
February 6, 2007Kansas City Southern’s Fourth-Quarter Profit Improves
Kansas City Southern railroad said Tuesday it earned $35.7 million or 41 cents a share in the fourth quarter, compared with earnings of $2.3 million or 3 cents a year earlier.
February 6, 2007Bush Proposes Boost in DOT Spending for FY ’08
President Bush’s proposed budget for fiscal year 2008 asks Congress for a 10% increase in transportation spending to $63.7 billion, Bloomberg reported Tuesday.
February 6, 2007Continued Cold Weather Causing Problems on Roads
Continued frigid temperatures across the Plains states, Midwest and East Coast are causing problems and hazards on roadways, and snow was forecast in some regions of the Midwest for Tuesday, news services reported.
February 6, 2007German Truck Maker MAN AG Reports Higher 4Q Profit
European truck maker MAN AG’s fourth-quarter profit rose 22% on higher demand for commercial vehicles in eastern Europe, where economies grew twice as fast as in the company’s domestic market in Germany, Bloomberg reported.
February 6, 2007Diesel Price Rises 2.2 Cents to $2.435 a Gallon
The average price of retail diesel fuel rose 2.2 cents to $2.435 a gallon, marking the first increase in eight weeks, the Department of Energy said late Monday.
February 6, 2007