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, Logistics

Kansas 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, 2007
Business, Safety, Government

Bush 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, 2007
Business, Safety, Government

Continued 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, 2007
Business, Autonomous

German 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, 2007
Business, Fuel, Government

Diesel 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
Business, Government, Logistics

FedEx Integrates LTL Units Into U.S., Canadian Operations

FedEx Corp. said Monday it has integrated its 2006 acquisition of Watkins Motor Lines into its less-than-truckload network in the United States and Canada.

February 5, 2007
Business, Government, Safety

Teamsters Oppose Allied’s Motion to Void Contract

Auto hauler Allied Holdings filed a motion Friday asking that an Atlanta bankruptcy court void the contract between the Teamsters union and Allied and allow the company to implement the wage, benefits and work-rule concessions it has been seeking, the Teamsters said.

February 5, 2007
Business, Technology, Equipment, Safety

Technology Briefs — Jan. 30 - Feb. 5

Analyst Says More Ethanol Won’t Stem Consumption • Extol to Provide Software to C.R. England • J.B. Hunt Chooses PAR System for Reefer Tracking

February 5, 2007
Business, Safety, Government

ISM Services Index Rises in January

The economy’s service sector growth improved last month, the Institute for Supply Management said Monday.

February 5, 2007
Business, Technology, Equipment, Safety

SkyBitz, Stemco to Offer Mileage Readings for Trailer-Tracking System

Trailer-tracking technology maker SkyBitz Inc. and has teamed with Stemco LP to offer mileage readings in conjunction with real-time trailer tracking for commercial fleets and trailer leasing companies, the two said Monday.

February 5, 2007