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.
The White House late last month gave its approval for a proposal that could force truckers to use electronic recorders to monitor their hours of service, clearing the way for the rule to be published after more than two years of discussion.
Crude oil prices tracked upward 76 cents Friday to close at $56.35 a barrel, Bloomberg reported, and the price tumbled almost $5 for the week and hit a one-year low closing price on Thursday.January 5, 2007
U.S. payrolls rose jumped by 167,000 in December and the unemployment rate held at 4.5%, the Labor Department said Friday.January 5, 2007
Engine manufacturers and trucking officials said they recognize the need for onboard diagnostic systems to monitor the performance of emission-treatment systems because diesel engines are growing in complexity.
Canadian transportation firm TransForce Income Fund said Thursday it completed its acquisition of Westfreight Systems and Westfreight Holdings (U.S.A.). Terms were not disclosed.January 4, 2007
The Department of Homeland Security Wednesday issued its final rule under its Transportation Worker Identification Credential program for port security.January 4, 2007