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.
Dependable Highway Express Acquires Drayage Firm
Dependable Highway Express, the regional trucking division of Dependable Logistics Services, said Wednesday it had acquired drayage firm J & M Trucking.
March 25, 2009DSC Logistics Launches Short-Term Storage Program
DSC Logistics has launched a program called FLEXSPACE 2009, a short-term storage space option intended to give shippers flexibility as their supply chain needs change, the company said Tuesday.
March 25, 2009FedEx May Scrub $7.7 Bln. Order for New Jets
FedEx Corp. said it may not go through with a $7.7 billion purchase of 30 new jet planes for air freight if federal law is changed to make it easier for its employees to join a union, Bloomberg reported.
March 25, 2009LaHood Says U.S. Seeking to Revive Mexican Trucking Plan
Transportation Secretary Ray LaHood wants to revive the cross-border trucking program with Mexico that lets some carriers from that country deliver goods into the United States beyond a set border zone, Bloomberg reported Tuesday.
March 24, 2009Sen. Specter Opposes Card Check Bill
Sen. Arlen Specter, the only Republican senator to support the Employee Free Choice Act when it was debated two years ago, said Tuesday he would vote against the legislation, the Associated Press reported.
March 24, 2009Diesel Jumps 7.3¢ to $2.09 a Gallon
Diesel fuel rose 7.3 cents to a national average $2.09 per gallon, sharply reversing its downward trend since last summer, the Department of Energy said Monday.
March 24, 2009EPA Eyes Regulating Greenhouse Gas Emissions
The Environmental Protection Agency may seek to limit greenhouse gas emissions, the Washington Post reported Tuesday.
March 24, 2009AutoInfo Profit Jumps in 2008
Logistics provider AutoInfo Inc. said it earned $2.2 million, or 7 cents per share, in 2008, compared with a profit of $1.6 million, or 5 cents, the previous year.
March 24, 2009Hub Issues 1Q Outlook
Hub Group Inc. said its first-quarter will be 15 to 20 cents per share, including an $800,000 severance plan.
March 24, 2009WABCO’s CEO to Become Chairman in May
WABCO Holdings said Tuesday that the company’s chief executive officer, Jacques Esculier, will become the company’s chairman in May.
March 24, 2009