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, Technology, Logistics

Greatwide Aims to Diversify with YRC’s Dedicated Assets

Greatwide Logistics’ purchase of YRC Worldwide Inc.’s U.S. dedicated contract carriage assets will expand and diversify its business into new geographical regions and markets, Chief Executive Officer Ray Greer said.

December 9, 2009
Government, Business, Safety

HOS Work Under Way, FMCSA Official Says

WASHINGTON — A top regulator within the Federal Motor Carrier Safety Administration said the agency has begun its review of the truck driver hours-of-service rule and that it intends to complete its review by next July.

December 8, 2009
Government, Business

Pa. Gov. Rendell Optimistic About Tolling I-80

Pennsylvania Gov. Ed Rendell (D) told Transport Topics he believed the federal government would approve his state’s application to toll Interstate 80.

December 8, 2009
Fuel, Business, Government

DOE Boosts 2010 Diesel Price Forecast by 2¢ to $2.96 a Gallon

Retail diesel fuel will average $2.96 a gallon next year, 2 cents higher than a previous forecast, the Department of Energy said.

December 8, 2009
Business, Logistics

Obama Names NHTSA Nominee

The White House has nominated David Strickland, a congressional aide, to head the National Highway Traffic Safety Administration, the Associated Press reported.

December 8, 2009
Government, Business, Safety

UPS Freight Expands Ontario Hours

UPS Inc. said that its less-than-truckload unit is expanding pickup and delivery hours for trucks based at its London, Ontario, facility.

December 8, 2009
Business, Fuel

Diesel Dips 0.3¢ to $2.772 in Fifth Straight Decline

Diesel fell for a fifth consecutive week, dipping 0.3 cent to $2.772 a gallon, the Department of Energy said Monday.

December 8, 2009
Business

FedEx Says 2Q Earnings Will Exceed Guidance

FedEx Corp. said its fiscal second-quarter earnings will be below the same period last year but exceed its guidance for the quarter.

December 8, 2009
Government, Business

Michigan, Ambassador Bridge Owner Spar in Court

A suit against Michigan by the owner of the Ambassador Bridge connecting Detroit and Windsor, Ontario, has been tossed out of one state court and into another.

December 8, 2009
Business, Safety, Government, Logistics

ATA to Co-Sponsor Sleep Apnea Conference in May

American Trucking Associations will co-sponsor a national conference next May on sleep apnea and its effects on truck drivers and the trucking industry.

December 8, 2009