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.
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By John LewisChief Executive OfficerGeoLogic SolutionsThe Federal Motor Carrier Safety Administration’s recently proposed rule mandating the use of electronic onboard recorders for habitual violators of federal hours-of-service regulations has set in motion an industrywide discussion about the plan’March 21, 2007
Truck and auto parts maker Eaton Corp. said Tuesday it named Curt Hutchins president and vice president of its heavy-duty transmission unit, effective April 1.March 20, 2007
The top 91 Canada-based for-hire motor carriers that earn at least C$25 million annually generated operating revenue of C$2.4 billion and expenses of C$2.3 billion in the fourth quarter, with both figures rising less than 1% from the previous quarter, Statistics Canada reported.March 20, 2007
Following six straight weekly increases, the average national price of retail diesel fuel dipped 0.4 cent to $2.681 a gallon, the Department of Energy reported Monday.March 20, 2007
Truck maker Volvo AB said its sales for the first two months of the year fell 13%, as U.S. deliveries plunged following new emissions standards that boosted truck prices, Bloomberg reported Tuesday.March 20, 2007
Truck and engine maker Navistar International Corp. said Tuesday it saw signs of strength in non-traditional and overseas vehicle markets, despite a 6% downturn in Class 6-8 North American truck and bus shipments in its fiscal first quarter.March 20, 2007
New housing starts jumped 9% in February, following a slump in January, the Commerce Department reported Tuesday.March 20, 2007
US 1 Industries’ fourth-quarter income was $1.4 million or 11 cents a share, compared with $600,000 or 5 cents a year earlier.March 20, 2007
Transportation firm EGL Inc. said Monday it has signed a definitive merger agreement under which EGL Chairman and Chief Executive Officer James Crane and two investment firms will buy the firm for $38 per share, or about $1.7 billion.March 19, 2007