Transportation 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.
KLLM Expects Loss in 4th Quarter
KLLM Transport Services said it expects to post a loss in the fourth quarter because of problems stemming from a shortage of drivers.
December 29, 1998PTG Completes Financing Deals
Professional Transportation Group raised $500,000 from the private sale of 9% convertible debentures and warrants for the purchase of up to 1.1 million shares of the company’s stock.
December 29, 1998DaimlerChrysler Sales Up 13%
When all the numbers are in, DaimlerChrysler expects sales in 1998 to increase by 15% to $148 billion, helped by a record-breaking performance by its commercial vehicles division.
December 28, 1998Horsley Named AASHTO Director
The DOT’s intermodal czar is joining the American Association of State Highway and Transportation Officials as executive director.
December 28, 1998Clyburn Gets STB Appointment
William Clyburn Jr. has received a one-year appointment to the Surface Transportation Board from President Clinton. The appointment means that Mr. Clyburn can serve until Dec. 31. 1999.
December 28, 1998Fine-Tuned Drug Testing Requested
TT PhotoAmerican Trucking Associations is seeking the support of the head of the nation’s anti-drug program for changes in driver drug-testing laws. ATA wants to allow motor carriers to base random drug testing rates on their own performance.
December 28, 1998Truck Safety a Top Priority
Improving surface transportation safety ranks just behind aviation safety as a priority of the Department of Transportation, according to a new report by the department’s inspector general.
December 28, 1998Expect More Flexibility in Rules
The federal government recognizes that it takes more than good vision to make a good truck driver.
December 28, 1998Temporary Relief for Rail Shippers
The Surface Transportation Board issued new rules to make it easier for captive rail shippers to obtain alternative rail service to alleviate “inadequacies.â€
December 28, 1998TNT Post Buys Jet Services
Holland’s TNT Post Group paid $360 million to acquire the French express delivery company Jet Services, giving the Dutch giant a greater presence in France.
December 28, 1998Trending
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