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.

Government, Business

Utility Opens New Minn. Trailer Facility

Trailer maker Utility Trailer Manufacturing Co. said Wednesday that its dealer, Allstate Sales & Leasing Corp., opened a new facility in Minnesota.

July 11, 2007
Business

Machinists End Freightliner Strike

Union machinists for Freightliner in Portland, Ore., voted to end their week-long strike against the truck maker, the Oregonian newspaper reported Tuesday.

July 10, 2007
Business, Government

Wholesale Sales Jump 1.5%; Inventories Gain

Wholesale sales rose faster than inventories rose in May, jumping 1.5%, the Commerce Department said Tuesday.

July 10, 2007
Fuel, Business, Government

Diesel Rises 2¢ to $2.849

The average retail price of U.S. diesel fuel rose 2 cents to $2.849 a gallon, the Department of Energy said Monday.

July 10, 2007
Business

Teamsters’ Hoffa Optimistic on UPS Contract

Teamsters President James Hoffa said he is optimistic about reaching a contract agreement for the 238,000 union members at UPS Inc., Bloomberg reported.

July 10, 2007
Business

Unemployment Rate Holds at 4.5%

U.S. employers added 132,000 jobs in June while the unemployment rate remained at 4.5%, the Labor Department reported.

July 10, 2007
Business, Safety, Government

June ISM Services Index Reaches 14-Month High

The economy’s service sector growth rate grew at the fastest pace in more than a year in June, the Institute for Supply Management said.

July 10, 2007
Business, Government, Logistics

Shell to Build New Lubricants Plant in China

Shell Limited, part of Shell Oil Co., broke ground late last month on a lubricants blending plant in southern China.

July 9, 2007
Business

MGM Transport Bought by Private-Equity Firm

MGM Transport Corp. has been acquired by private-equity firm CF Holding Co. for an undisclosed sum, the Business Journal of the Greater Triad Area, in North Carolina, reported last week.

July 9, 2007
Government, Business, Safety, Fuel

EPA Proposes Tightening Ozone Standard

The Environmental Protection Agency proposed reducing the amount of ozone in the air, which trucking industry and manufacturing officials said could lead to retrofits of older trucks.

July 9, 2007