Oil finished the trading week below $60 a barrel, marking its biggest single-week drop since January, Bloomberg reported.
July 10, 2009Trucking 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.
YRC, Union Reach Tentative Deal to Save Cash, Give 鈥楯ob Security鈥
YRC Worldwide said it has reached a new cost-cutting agreement with the Teamsters union and hired a financial adviser to work with key lenders as part of a broad effort to boost the carrier鈥檚 cash position.
July 13, 2009FHWA Chooses Deputy Administrator
Gregory Nadeau, a former official with the Maine Department of Transportation, was appointed deputy administrator of the Federal Highway Administration, the U.S. Department of Transportation announced July 1.
July 13, 2009Navistar: EPA Conspired With SCR Engine Makers
Truck and engine manufacturer Navistar Inc. has accused the Environmental Protection Agency of attempting to remove documents from official records and allowing the Engine Manufacturers Association to write the draft of its selective catalytic reduction guidance document for 2010 鈥渋n secret collaboration with certain engine makers.鈥
July 13, 2009Obama Cabinet Members Go to Senate
The Senate last week kicked off debate on an energy bill that includes a controversial cap-and-trade provision to limit carbon emissions, summoning four top Obama administration officials to testify before the committee that will craft the Senate version of climate change and energy policy legislation.
July 13, 2009Nominations Open for ATA鈥檚 Mike Russell Trucking Image Award
American Trucking Associations has opened the nomination process for its Mike Russell 鈥淕ood stuff鈥 Trucking Image Award, an award that honors people who contribute to positive awareness of the trucking industry.
July 10, 2009Oil Finishes Week Below $60 a Barrel
Import Prices Rise 3.2% in June
The price of goods imported to the United States jumped 3.2% in June, marking the fourth straight monthly increase, the Labor Department said Friday.
July 10, 2009Intermodal, Rail Traffic Decline
Intermodal rail traffic fell 12.8% last week compared with the same week last year, the Association of American Railroads said.
July 10, 2009DOT Freight Index Falls 14.8% in May
The Department of Transportation said its freight transportation services index fell 14.8% in May from a year earlier to its lowest level in 12 years.
July 10, 2009YRC, Teamsters Reach Tentative Agreement
YRC Worldwide said Thursday it has reached a tentative agreement with the Teamsters union on cost-cutting measures.
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