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

Fed Minutes Show Inflation as Continued Top Concern

Federal Reserve officials, as they have in previous meetings, said inflation was their top concern at their meeting in late January, according to the minutes of the meeting released Wednesday.

February 21, 2007
Business, Government

Leading Economic Indicators Rise 0.1% in January

An index of leading economic indicators rose for a second straight month in January, climbing 0.1%, the New York-based Conference Board reported Wednesday.

February 21, 2007
Business, Fuel, Logistics, Government

Diesel Rises for Third Straight Week, Climbing 1.5 Cents to $2.491

The average national retail price of diesel fuel rose 1.5 cents to $2.491 a gallon, the Energy Department reported Tuesday.

February 21, 2007
Business, Safety, Government, Autonomous

ATA’s Graves Criticizes Privatization Trend on CNBC

American Trucking Associations President Bill Graves criticized the growing trend of privatization of toll roads on CNBC’s “Street Signs” program Tuesday.

February 21, 2007
Business, Government

Consumer Price Index Gains 0.2% in January

U.S. consumer prices rose 0.2% in January following December’s 0.4% rise, the Labor Department said Wednesday.

February 21, 2007
Business, Safety, Government, Autonomous

Security & Safety Briefs — Feb. 15 - Feb. 21

Idaho Bill to Raise Truck Speeds to 70 MPH Fails • Railroad Administration to Set HOS Rules • ATA Backs Medical Certificate/CDL Merger • Driver Passport Teams With CSSG

February 21, 2007
Business, Government, Safety, Autonomous

ATA Official Says Responses Prepared to Pending HOS Rulings

ARLINGTON, Va. — With a pair of lawsuits challenging federal driver work rules still pending, American Trucking Associations officials have begun preparing responses to the rulings.

Sean McNally | Staff Reporter
February 21, 2007
Business, Government, Autonomous

Volvo Agrees to Buy Nissan Diesel for $1.1 Billion

Sweden-based truck maker Volvo AB has agreed to buy Japan’s Nissan Diesel Motor Co. for $1.1 billion to add production in Asia, Bloomberg reported Tuesday.

February 20, 2007
Business, Government, Logistics

Canada Appoints Mediator to Solve CN Rail Strike

A strike by Canadian National Railway workers stretching into its second week has Canadian federal officials concerned and the federal government has appointed a mediator to try to solve the dispute, Bloomberg reported.

February 20, 2007
Business, Government, Safety

Satellite Radio Rivals Sirius, XM Seek Merger

Satellite radio rivals XM Satellite Radio Holdings and Sirius Satellite Radio are seeking to merge their operations but may face antitrust hurdles in completing such a deal, news reports said Tuesday.

February 20, 2007