Trucking Business News

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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.

GovernmentBusinessFuelAutonomous

Crude Prices Ease After Iran Says It Will Release British Sailors

Crude oil futures prices declined Wednesday after Iran's President Mahmoud Ahmadinejad said that he will release 15 captured British sailors, news services reported.

April 4, 2007
Business

Judge Says Dana Should Continue Negotiations With Union

A U.S. bankruptcy judge gave auto parts manufacturer Dana Corp. and the United Steelworkers Union until April 13 to negotiate a new labor contact, Bloomberg News reported Tuesday.

April 4, 2007
FuelBusinessLogisticsGovernment

Diesel Jumps 11.4¢ to $2.79

After falling by less than a penny in each of the past two weeks, the national average price of diesel fuel jumped 11.4 cents Monday to $2.79 a gallon, the Energy Department reported.

April 3, 2007
BusinessGovernmentAutonomous

Bush Threatens to Veto Bill Delaying Border Opening

Congress and the Bush administration clashed last week over a proposal to allow Mexican trucks into the United States in a year-long pilot project, with the Senate passing a series of restrictions to the plan and a pair of bills being introduced in the House aimed at stopping it.

April 3, 2007
BusinessFuelGovernmentSafety

Kitty Hawk’s 4Q Earnings Increase

Air freight and cargo company Kitty Hawk Inc. said Tuesday it earned $8.3 million or 15 cents a share in the fourth quarter, compared with a loss of $4.1 million or 8 cents a year earlier.

April 3, 2007
BusinessGovernmentSafetyEquipment

Strike Continues at Cummins Crosspoint

Negotiations between Teamsters and a distributor for diesel engine maker Cummins Inc. continued Tuesday, two days after workers at a West Virginia facility went on strike, the Associated Press reported.

April 3, 2007
BusinessFuelGovernmentSafety

Air Cargo Shipments Dip 0.6%

Air cargo shipments inched up 0.6% in February, the Air Transport Association said late Monday.

April 3, 2007