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.
Intermodal Traffic Climbs 8.6% for Week
Rail intermodal levels rose 8.6% last week but carload traffic continued a downward trend in falling 5%, the Association of American Railroads said Thursday.
March 8, 2007Cummins Sets Two-for-One Stock Split
Diesel engine maker Cummins Inc. said Thursday that its board declared a two-for-one split of the company鈥檚 stock, to be payable on April 9 to shareholders of record as of March 26.
March 8, 2007DHL to Focus on Boosting Overseas Shipments From U.S.
DHL Worldwide Express plans to focus on expanding overseas shipments from the United States after investing in a domestic package delivery network, Bloomberg reported.
March 8, 2007ATA Pushes for Flexibility in HOS Sleeper-Berth Provisions
Truck drivers need greater flexibility within federal driver work and rest rules to allow them to select sleep times and duration based on individual need, according to a study released jointly by American Trucking Associations and a sleep research firm.
March 8, 2007Fed 鈥楤eige Book鈥 Cites Mixed Picture of Trucking
Federal Reserve districts reported some regional slowdowns in trucking in the first few months this year, the Fed said Wednesday in its latest 鈥渂eige book鈥 survey of economic conditions.
March 8, 2007Initial Jobless Claims Fall by 10,000 for Week
Initial jobless claims fell by 10,000 last week, following the previous week鈥檚 gain to a 14-month high, the Labor Department said Thursday.
March 8, 2007Mullen鈥檚 4Q Income Declines; Full-Year Results Improve
Canadian transportation firm Mullen Group Income Fund reported its fourth-quarter profit fell to C$14 million or 17 cents per share, from C$24.7 million or 52 cents a year earlier.
March 7, 2007Chip Watkins Resigns as CEO of FedEx National LTL
FedEx National LTL, FedEx Corp.鈥檚 long-haul less-than-truckload unit, said that Chip Watkins, the division鈥檚 president, has resigned for personal reasons.
March 7, 2007Richard Bailey Named President of Boyd Bros. Transportation
Richard Bailey was promoted to president of flatbed truckload carrier Boyd Bros. Transportation Co., the company said.
March 7, 2007Air Cargo Shipments Rise 2.1% in January
Air cargo shipments rose 2.1% in January from a year earlier, with about an even split in gains in domestic and international shipments, the Air Transport Association said.
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