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.
MATS Signs 10-Year Extension to Remain in Louisville
The Mid-America Trucking Show, set to run Thursday through Saturday in Louisville, Ky., will remain in that city for another 10 years, the Louisville Courier-Journal reported.
March 23, 2010Diesel Rises Again, Gaining 2.2¢ to $2.946 a Gallon
Diesel’s national average price continued its climb toward $3 a gallon, rising 2.2 cents to $2.946, a 16-month high, the Department of Energy reported.
March 23, 2010Mich. Court Won’t Hear Appeal by Ambassador Bridge Owner
A Michigan appeals court has refused to hear a plea from the owner of the Ambassador Bridge on a lower court ruling that he illegally built toll booths and other facilities on public land on the Detroit side of the span that carriers traffic to Windsor, Ontario.
March 23, 2010Existing Home Sales Fall for Third Month
Existing home sales fell for a third straight month in February, the National Association of Realtors said Tuesday.
March 23, 2010France Scraps Plans for Carbon Tax
French President Nicolas Sarkozy has scrapped that country’s plans for a tax on carbon emissions, three days after his ruling party was defeated in local elections, Bloomberg reported Tuesday.
March 23, 2010YRC Sees Improving Freight Volumes; Reports 4Q Profit
YRC Worldwide said its freight demand is improving this month following two months of severe winter storms lowered volumes, the Associated Press reported.
March 22, 2010Dana Closes Sale to Metalsa of Structural Products Unit
Dana Holding Corp. said it completed the sale of most its Structural Products assets to Mexico’s Metalsa, S.A.
March 22, 2010Obama Signs Job Legislation With Highway Bill Extension
President Obama on March 18 signed into law an extension of the highway bill through the end of the year as part of a $17.6 billion package of tax incentives and bonding proposals aimed at spurring job creation.
March 22, 2010Carriers Still Shopping for Software, Suppliers Say
TMW Systems and McLeod Software each said they signed fewer new customers in 2009 than the prior year, but overall sales remained strong as carriers sought to improve their operations and prep for an economic rebound.
March 22, 2010Wabash Hires 190 New Workers to Meet Higher Demand
Wabash National Corp. has hired 100 temporary workers and plans to hire 90 more during this quarter to meet rising demand for commercial trailers
March 22, 2010