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.
Mullen’s 4Q Income Declines; Full-Year Results Improve
Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.
March 7, 2007Chip Watkins Resigns as CEO of FedEx National LTL
FedEx National LTL, FedEx Corp.’s long-haul less-than-truckload unit, said that Chip Watkins, the division’s president, has resigned for personal reasons.
March 7, 2007Richard Bailey Named President of Boyd Bros. Transportation
Richard Bailey was promoted to president of flatbed truckload carrier Boyd Bros. Transportation Co., the company said.
March 7, 2007Air Cargo Shipments Rise 2.1% in January
Air cargo shipments rose 2.1% in January from a year earlier, with about an even split in gains in domestic and international shipments, the Air Transport Association said.
March 7, 2007Security & Safety Briefs — March 1 - March 7
Arkansas Seat Belt Law Gains Support • Train Accidents Decline for Second Year, DOT Says
March 7, 2007Editorial: Opening the U.S.-Mexico Border
The Department of Transportation’s move to conduct a broad test of opening the U.S.-Mexican border to truck traffic is a prudent step toward honoring mutual commitments made by both nations when the North American Free Trade Agreement was ratified.
March 7, 2007Washington State Court Backs Drivers’ Overtime
In a 5-4 opinion, the Washington State Supreme Court has interpreted a state overtime provision to apply to interstate truck drivers who work in excess of 40 hours in a week, regardless of whether a portion of those working hours take place outside of the state.
March 7, 2007DOT Shows Interest in Study of Heavier Trucks’ Effect on Highways
OTAY MESA, Calif. — U.S. Department of Transportation officials said they would be interested in a potential study of larger or heavier trucks, suggested recently by the chairman of the House transportation committee.
DHS Says Security Won’t Lessen When Trucks Enter From Mexico
EL PASO, Texas — The Transportation Department’s pilot project allowing a limited number of Mexican carriers to access U.S. highways would not diminish security at the border, Michael Jackson, deputy secretary of Homeland Security, said at a Feb. 23 press conference.
Sen. Murray Sets Hearing on Border Plan
WASHINGTON — Advocacy groups and congressional leaders, citing safety concerns, questioned the Department of Transportation’s decision to allow Mexican trucks into the United States, and a key senator said she would hold a hearing on the issue.
March 7, 2007