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.
These letters appear in the April 9 print edition of Transport Topics. Click here to subscribe today.
Maintenance IssuesApril 11, 2007
Employees of a distributor for diesel engine maker Cummins Inc. went back to work Monday after ending a week-long strike, the Associated Press reported.April 10, 2007
The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last week’s 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.April 10, 2007
The Justice Department said Tuesday it will not oppose a proposal by the National Association of Small Trucking Companies to conduct an operational and financial survey of small- and medium-sized trucking firms.April 10, 2007
Transportation and warehousing firm Saddle Creek Corp. said Tuesday that Bruce Abels is retiring as the company’s president effective July 1, and will be replaced by Cliff Otto.April 10, 2007
Big oil companies’ profits may be reduced in coming years as more countries that produce oil demand higher shares of the revenues, the Wall Street Journal reported Tuesday.April 10, 2007
Moving company Sirva Inc. said it took a preliminary loss from continuing operations of $55.1 million or 75 cents a share last year, compared with a loss of $265.4 million or $3.59 for 2005.April 10, 2007
DaimlerChrysler Truck Financial announced a regional initiative Monday that it said will improve service to its Freightliner, Sterling and Western Star dealers in the United States and Canada.April 9, 2007
Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has bought acquired a 10.9% stake in Burlington Northern Santa Fe Corp., becoming the railroad’s largest shareholder, news services reported Monday.April 9, 2007