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

Marten Transport Names New President

Refrigerated truckload carrier Marten Transport said Wednesday that Timothy Kohl will become the company’s president, effective June 2.

May 7, 2008

TT Podcasts: RoadSigns

Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.

Business, Safety, Government

DHS Moves TWIC Compliance Date Back to April

The Department of Homeland Security said it pushed back the enforcement date for the Transportation Worker Identification Credential program to April 15, 2009, although some areas will need to comply sooner.

May 7, 2008
Government, Business, Safety

First-Quarter Productivity Improves 2.2%

First-quarter U.S. worker productivity improved 2.2%, the Labor Department said Wednesday.

May 7, 2008
Business, Safety, Government, Logistics

Pacer’s First-Quarter Income Improves

Transportation and third-party logistics firm Pacer International’s first-quarter profit rose to $14.3 million, or 41 cents a share, from $7.8 million, or 21 cents, a year ago, the company said.

May 6, 2008
Government, Business, Safety, Fuel, Equipment

Letters to the Editor: Idling, Govt. and Fuel, Owner-Operators, Time for Protest

Your front-page article April 7 about auxiliary power units possibly saving on fuel quoted an APU maker’s spokesman who stated (like many others I have seen) that idling truck engines use up to 1.8 gallons of fuel an hour.

May 6, 2008
Business, Safety, Government

ATA Gives Knight Exec, Con-way 2008 Security Awards

American Trucking Associations’ Security Council presented its Security Professional of the Year award to Richard Martin, the corporate security director for truckload carrier Knight Transportation.

May 6, 2008
Fuel, Business, Government

DOE Boosts Diesel-Price Forecast

Diesel fuel will average $3.94 per gallon at the pump this year — more than a dollar over last year’s average and higher than the $3.62 forecast issued last month, the Department of Energy said.

May 6, 2008
Fuel, Business, Government

DeFazio Says Congress Should Help Truckers Hit by Fuel Costs

A key Congressman said lawmakers should help the trucking industry cope with diesel prices that have risen 45% in the past year, Bloomberg reported.

May 6, 2008
Business, Equipment

ArvinMeritor to Spin Off Auto Unit, Focus on Trucks

Auto and truck component maker ArvinMeritor Inc. said Tuesday it will spin off its automobile business unit to its shareholders and focus on supplying parts for commercial trucks.

May 6, 2008
Government, Business

Deutsche Post Names New U.S. DHL Chief

Deutsche Post said Tuesday it has appointed Ken Allen to lead its DHL Express unit in the United States, Bloomberg reported.

May 6, 2008