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.
Weber Logistics Names New CEO
Nick Weber, chairman of Weber Logistics, announced Wednesday that the Santa Fe Springs, Calif., third-party logistics firm has named Harry Drajpuch its president and CEO, effective immediately.
June 22, 2011NLRB Proposal Could Boost Unions’ Elections
The National Labor Relations Board has proposed changes to federal rules governing union organizing elections, including limiting the time employers have to fight representation votes, the Wall Street Journal reported Wednesday.
June 22, 2011Daimler Targets Growth in European Mercedes-Benz Truck Sales
Daimler AG plans to sell 20% more Mercedes-Benz trucks this year in the European market, boosted by demand for a revamped version of the long-haul Actros model, Bloomberg reported.
June 22, 2011Maine Votes to End Fuel Tax Indexing
Maine’s legislature has approved a two-year, $637 million transportation funding bill that would end annual fuel tax increases tied to inflation beginning next year.
Accuride Purchases Forgitron Technologies
Truck component maker Accuride Corp. said it has acquired Camden, S.C.-based wheel maker Forgitron Technologies.
June 21, 2011Senate Bill Would Hinder Sale, Lease of Transportation Assets
The ability of state and local governments to raise cash by leasing or selling transportation assets to private investors would be slowed down, if not killed altogether, under a bill introduced by Sen. Richard Durbin (D-Ill.).
Diesel Dips 0.4¢ to $3.95 a Gallon; Gasoline Falls for Sixth Week
Diesel’s national average pump price dipped 0.4 cent to $3.95 a gallon, while gasoline took its sixth straight decline, dropping 6.1 cents to $3.652, the Department of Energy said.
June 21, 2011Nevada Bans Texting, Handheld Conversations While Driving
Nevada became the 34th state to ban texting while driving and the ninth to ban talking on handheld cell phones while driving.
June 21, 2011Existing Homes Sales Fall 3.8%
Existing home sales fell 3.8% in May, the National Association of Realtors said Tuesday.
June 21, 2011New Haven Port Seeks to Aid Truckers
The Port of New Haven has received $380,000 to build 14 electrification stations so truckers can park in comfort with engines off as they wait to load or unload cargo, according to the New Haven Register.
June 20, 2011