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.
UPS Rolls Out 300 CNG Trucks
UPS Inc. said it has put more than 300 compressed natural gas-powered delivery trucks into service in seven cities across the country.
February 20, 2009Best Trucking Software 2024
For growing asset-based carriers, ensuring you have the right trucking software is essential for managing fleets, optimizing operations, and winning more higher-paying loads.
LaHood to Consider Vehicle Mileage Tax
Transportation Secretary Ray LaHood wants to consider taxing motorists by how many miles they drive, the Associated Press reported Friday.
February 20, 2009Navistar Financial Names Johanneson CEO
David Johanneson, a 36-year veteran in the truck industry, was named chief executive officer of Navistar Financial Corp. the company said Thursday.
February 20, 2009Consumer Prices Rise for First Time in Six Months
Consumer prices rose 0.3% in January for the first time in six months, led by an increase in gasoline prices, the Labor Department said Friday.
February 20, 2009MAN’s 4Q Income Drops; Will Cut Production
Germany-based truck maker MAN AG will cut costs and extend reductions in its employees’ work hours after the recession and declining sales caused its fourth-quarter profit to plunge by almost half, Bloomberg reported.
February 19, 2009Leading Indicators Rise 0.4% in January
An index of leading economic indicators rose 0.4% in January, the largest increase since December 2006, the New York-based Conference Board said.
February 19, 2009Philadelphia Fed Factory Index Drops to 18-Year Low
Manufacturing levels in the Philadelphia region contracted in February, the Federal Reserve Bank of Philadelphia said Thursday. The contraction was at the fastest pace in more than 18 years.
February 19, 2009Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell last week, the Association of American Railroads said.
February 19, 2009Container Fees Take Effect at SoCal Ports
The launch of a container fee program at the ports of Los Angeles and Long Beach, Calif., led to long backups after more than 1,000 trucks were turned away for not having required electronic identification tags, the Long Beach Press-Telegram reported Thursday.
February 19, 2009Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week and continuing claims reached a new record the previous week, the Labor Department said Thursday.
February 19, 2009