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.
Eaton’s Earnings Rise 15% for Fourth Quarter
Vehicle parts manufacturer Eaton Corp. said Monday that its fourth-quarter earnings rose nearly 15% from a year ago.
January 22, 2007Swift Founder Jerry Moyes to Buy Company for $2.74 Billion
Swift Transportation Co. agreed late Friday to be acquired by company founder Jerry Moyes for $31.55 a share, or about $2.74 billion, the company said.
January 22, 2007Navistar Finalizes $1.5 Billion Loan Agreement
Navistar International Corp. said Monday that it signed its previously announced $1.5 billion loan agreement.
January 22, 2007Gasoline Prices Fall 14 Cents in Two Weeks, Lundberg Says
Average U.S. retail gasoline prices fell 14 cents over the past two weeks to $2.18 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.
January 22, 2007Technology Briefs — Jan. 17 - Jan. 22
Georgia Weigh Stations to Use PrePass • Purolator Selects Software System from Carrier Logistics • Iowa Plans Internet Kiosks at Rest Stops • President to Address Global Warming in Tuesday Speech
January 22, 2007Volvo AB Unveils Hybrid Powertrain in Prototype Mack Truck
WASHINGTON — Volvo AB and Mack Trucks Inc. last week unveiled a hybrid prototype of a heavy-duty Mack construction truck and company officials said their diesel-electric power supply will cut fuel costs 30% for stop-and-go trucks and buses while running much cleaner.
Calif. Aims to Cut Emissions, Improve Four Freight Corridors
Trucks operating in California would be required to meet tighter emission standards under a plan proposed by Gov. Arnold Schwarzenegger (R) to spend $3.1 billion in bond money to improve four key freight corridors.
Letters to the Editor: EPA and Engines; Onboard Diagnostics
Click here to write a Letter to the Editor. Once again, the great Environmental Protection Agency has brainwashed the public in the name of environmental protection. As a small fleet owner of longhaul flatbed equipment, our injectors and fuel systems are taking a beating in the name of conservation.
January 22, 2007Moody’s Downgrades ArvinMeritor’s Debt Rating
Moody’s Investors Service cut its rating on components maker ArvinMeritor Inc., saying the company’s profits will likely remain under pressure despite recent progress in cutting its debt, Reuters reported.
January 22, 2007ACE to Be Required at Entry Points in California, Texas, N. Mex.
The U.S. Customs and Border Protection agency said Friday that truck carriers entering the United States at all land border ports of entry in California, Texas and New Mexico will be required to present advance electronic cargo information through the Automated Commercial Environment truck manifest system.
January 19, 2007