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

Deutsche Post Names New CEO

Deutsche Post AG said it appointed Frank Appel its new chief executive officer, following the resignation of Klaus Zumwinkel, Bloomberg reported Monday.

February 19, 2008
Business, Government, Fuel

Oil Climbs to Five-Week High

Crude oil prices rose more than $2 a barrel to $97.87 in electronic overnight trading on the New York Mercantile Exchange, the highest in five weeks, Bloomberg reported Tuesday.

February 19, 2008
Business, Logistics

Closures, Floods Hit Trucking in Pacific Northwest

Floods and road closures in the Pacific Northwest have hurt the trucking industry this winter, the Olympian newspaper reported.

February 19, 2008
Business, Fuel

Long Beach Port Officials to Vote Tuesday on Emissions Plan

A plan by the Port of Long Beach, Calif., on how to address truck emissions and hire drivers is causing divisions with the adjacent Port of Los Angeles, the Los Angeles Times reported Tuesday.

February 19, 2008
Business

FedEx to Help Business Customers to Connect With Its Shipping Services in E-mail Program

FedEx Corp. said it will provide users of Microsoft Office’s Outlook e-mail the ability to connect to its shipping services, another step in the company’s plan to let customers build software directly into their own infrastructure.

February 18, 2008
Business, Government

FMCSA Seeks More Accurate Data About Truck-Involved Fatalities

John Hill, head of the Federal Motor Carrier Safety Administration, said his agency was working to craft more precise data on truck-related fatalities that could pinpoint the number of deaths attributable to the actions of truck drivers.

February 18, 2008
Government, Business, Safety

OBD Technology Seen Adding Time, Complexity

ORLANDO, Fla. — Representatives of heavy-duty engine manufacturers said during the 2008 annual meeting of the Technology & Maintenance Council that onboard diagnostic technology bundled with 2010 engines will add considerable time and complexity to troubleshooting routines.

February 18, 2008
Business, Equipment

January Truck Sales Plummet

Class 8 truck sales plummeted 48.3% in January, compared with totals from a year ago, as dealers moved only 9,600 vehicles, the lowest number since the depths of the previous sales collapse, in 2003, according to data from WardsAuto.com.

February 18, 2008
Business, Government, Safety, Logistics

Teamsters Ratify Five-Year Pact

Teamsters union members voted 2-to-1 to ratify a new five-year National Master Freight Agreement with major less-than-truckload carriers that trucking industry executives said gives unionized companies new flexibility to adapt to changing market conditions.

February 18, 2008
Business

GAO Report Warns of Risks in Public-Private Partnerships

Risks associated with public-private highway partnership agreements range from higher tolls and traffic diversion to stiff political opposition and potential tax losses, according to a new government study.

February 18, 2008