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.
Fed Minutes Show Inflation as Continued Top Concern
Federal Reserve officials, as they have in previous meetings, said inflation was their top concern at their meeting in late January, according to the minutes of the meeting released Wednesday.
February 21, 2007Leading Economic Indicators Rise 0.1% in January
An index of leading economic indicators rose for a second straight month in January, climbing 0.1%, the New York-based Conference Board reported Wednesday.
February 21, 2007Diesel Rises for Third Straight Week, Climbing 1.5 Cents to $2.491
The average national retail price of diesel fuel rose 1.5 cents to $2.491 a gallon, the Energy Department reported Tuesday.
February 21, 2007ATA’s Graves Criticizes Privatization Trend on CNBC
American Trucking Associations President Bill Graves criticized the growing trend of privatization of toll roads on CNBC’s “Street Signs” program Tuesday.
February 21, 2007Consumer Price Index Gains 0.2% in January
U.S. consumer prices rose 0.2% in January following December’s 0.4% rise, the Labor Department said Wednesday.
February 21, 2007Security & Safety Briefs — Feb. 15 - Feb. 21
Idaho Bill to Raise Truck Speeds to 70 MPH Fails • Railroad Administration to Set HOS Rules • ATA Backs Medical Certificate/CDL Merger • Driver Passport Teams With CSSG
February 21, 2007ATA Official Says Responses Prepared to Pending HOS Rulings
ARLINGTON, Va. — With a pair of lawsuits challenging federal driver work rules still pending, American Trucking Associations officials have begun preparing responses to the rulings.
Volvo Agrees to Buy Nissan Diesel for $1.1 Billion
Sweden-based truck maker Volvo AB has agreed to buy Japan’s Nissan Diesel Motor Co. for $1.1 billion to add production in Asia, Bloomberg reported Tuesday.
February 20, 2007Canada Appoints Mediator to Solve CN Rail Strike
A strike by Canadian National Railway workers stretching into its second week has Canadian federal officials concerned and the federal government has appointed a mediator to try to solve the dispute, Bloomberg reported.
February 20, 2007Satellite Radio Rivals Sirius, XM Seek Merger
Satellite radio rivals XM Satellite Radio Holdings and Sirius Satellite Radio are seeking to merge their operations but may face antitrust hurdles in completing such a deal, news reports said Tuesday.
February 20, 2007