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.
Opinion: Trucking Braces for Hours-of-Service Decision
In May 2000, the Federal Motor Carrier Safety Administration issued a number of proposed changes to the existing hours-of-service rules — rules which, until this point, had remained virtually unchanged for 60 years.
February 14, 2007U.S. Trade Deficit Hit Record in 2006
The U.S. trade deficit widened to a record for a fifth straight year in 2006 as purchases of Chinese goods and imported oil overwhelmed an increase in exports, the Commerce Department said Tuesday.
February 13, 2007Winter Storm Causes Havoc From Midwest to East Coast
A winter blast of snow, freezing rain and frigid temperatures created headaches for travelers across the Midwest Tuesday, pushing cars and tractor-trailer rigs off highways, the Associated Press reported.
February 13, 2007California May Build More Toll Roads, Paper Reports
California state lawmakers are planning toll-road projects that could be a future trend in the state, and some of the first projects will be targeted to roads that move goods from the state’s ports, the Los Angeles Times reported Tuesday.
February 13, 2007Diesel Price Jumps 4.1 Cents to $2.476 a Gallon
The average national price of retail diesel fuel jumped 4.1 cents to $2.476 a gallon, the Department of Energy said Monday.
February 13, 2007Forward Air Reports Flat Fourth-Quarter Profit
Forward Air Corp., a contractor to the air cargo industry, reported its fourth-quarter net income matched the previous year’s, at $12.2 million, while earnings per share climbed to 40 cents a share from 38 cents.
February 13, 2007Velocity Express Posts Net Loss in Second Fiscal Quarter
Package-delivery and supply chain management firm Velocity Express said Tuesday it lost $15.2 million or 61 cents a share in its second quarter ended Dec. 30, compared with a loss of $5.6 million or 35 cents a year ago.
February 13, 2007Expeditors International Reports Lower 4Q Profit
Logistics firm Expeditors International of Washington on Tuesday said its fourth-quarter profits fell to $62.6 million or 28 cents a share, down from $74.3 million or 34 cents a year ago.
February 13, 2007Wisconsin Gov. Wants Oil Tax to Fund Transportation Needs
Wisconsin Gov. Jim Doyle (D) has proposed a new tax on oil companies to help raise needed funds for the state’s transportation projects, the Associated Press reported Tuesday.
February 13, 2007Delphi’s Third-Quarter Loss Widens to $2 Billion
Bankrupt auto-parts maker Delphi Corp. said losses in its third quarter ended Sep. 30 widened to $2 billion from $788 million in the third quarter of 2005 as the company spent more on job cuts and U.S. auto makers produced fewer cars, Bloomberg reported Tuesday.
February 13, 2007