Trucking 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.
Jobless Claims Fall 9,000 for Week
Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.
May 22, 2008ATA Urges Congressional Action on Drug, Alcohol Testing
American Trucking Associations Wednesday called on Congress to help the trucking industry to improve highway safety by supporting efforts to enhance drug and alcohol testing for the nationās 3.4 million truck drivers.
May 21, 2008Fed Minutes Show āClose Callā on April Rate Cut
Federal Reserve officials viewed the decision to cut the benchmark interest rate last month as a close call, according to minutes of the meeting released Wednesday.
May 21, 2008UPS Moving Asia Air Hub to China
UPS Inc. said Wednesday it is moving its primary intra-Asia air hub to southern China, from the Philippines, to save money and reduce transit times across Asia.
May 21, 2008Military Showing Interest in Alternate Fuels, Journal Says
The U.S. military, which is the countryās largest single consumer, is engaged in an aggressive plan of alternative fuels development and testing, the Wall Street Journal reported Wednesday.
May 21, 2008DHS Sets $844 Million in Security Grants for Ports, Infrastructure
The Department of °®¶¹“«Ć½land Security said it is awarding more than $844 million in grants to protect U.S. ports and infrastructure.
May 21, 2008Letters to the Editor: Complex Engines, Soaring Fuel Prices, 55-mph Speed Limit
The article concerning increasingly complex diesel engines theoretically can be translated directly into increased revenue for dealership maintenance shops, but there are a lot of āifsā and ābutsā surrounding these statements.
May 21, 2008Fed Grant Ending ATAās Highway Watch Program
The Department of °®¶¹“«Ć½land Security has awarded a $15.5 million trucking security grant to an Alexandria, Va., firm, effectively ending American Trucking Associationsā four-year-long Highway Watch program.
May 21, 2008Bridgestone Buys Stake in Japanese Tire Maker
Tire maker Bridgestone Corp. will take an 8.7% in Japanās Toyo Tire, which will in turn purchase 0.5% of Bridgestone, the two said in a statement, Bloomberg reported.
May 21, 2008Jevic Files for Bankruptcy Following Closure Notice
A day after it announced it would fold its business operations, Jevic Transportation has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
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