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.
UPS Orders 27 Boeing Jets for Air Shipments
UPS Inc. said Monday it has ordered 27 new Boeing jets to support its growing package business while providing broad options for the management of its air fleet.
February 5, 2007EPA Boosts Enforcement of ULSD Labeling Rule
The Environmental Protection Agency said it has increased enforcement of its fuel-pump labeling rule after finding that the majority of retail diesel pumps it tested did not display ultra-low-sulfur-diesel labels, even though they were dispensing ULSD.
Diesel Engine Update: Some Carriers Are Warming to ’07 Models
While other carriers were debating whether to buy even one Class 8 truck with a 2007 EPA-certified engine, Mike Hasinec at Penske Truck Leasing Co. was knee-deep in testing 2007 engine performance.
February 5, 2007President to Seek Funds for Road Congestion Relief
President Bush will include provisions to help ease traffic congestion in his budget blueprint Monday, the Wall Street Journal reported.
February 5, 2007Air Cargo Shipments Decline in December, Rise for Year
Air cargo shipments fell in December, led by a decline in domestic shipments, but they climbed for the year, the Air Transport Association said Friday.
February 2, 2007Volvo’s Sales, Profit Jump for Fourth Quarter, 2006
Volvo AB said its fourth-quarter profit jumped 24% due to an increase in sales in Eastern Europe, Bloomberg reported Friday.
February 2, 2007ArvinMeritor to Sell Emissions Technology Business for $310 Million
Components maker ArvinMeritor Inc. said Friday it plans to sell its emissions technologies business to a private equity firm for $310 million.
February 2, 2007Economy Adds 111,000 Jobs; Unemployment Ticks Up to 4.6%
U.S. payrolls rose by 111,000 in January and the unemployment rate rose to 4.6% from 4.5%, the first increase in three months, the Labor Department said Friday.
February 2, 2007Ryder System’s Fourth-Quarter, Full-Year Income Rise
Ryder System’s fourth-quarter profit rose 12% to $65.8 million or $1.08 cents a share, from $58.8 million or 92 cents a year earlier.
February 2, 2007YRC’s 4Q Income Dips; ’06 Revenue, Operating Income Hit Records
Less-than-truckload carrier YRC Worldwide said late Thursday it earned $46.5 million or 80 cents a share in the fourth quarter, compared with $76.8 million or $1.30 a year earlier.
February 2, 2007