Less-than-truckload carrier YRC Worldwide said late Thursday its logistics unit will pay as much as $75 million to buy a Chinese LTL firm.
December 20, 2007Trucking 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.
Lautenberg Pans Revised HOS; Advocacy Groups Go to Court
WASHINGTON 鈥 The chairman of the Senate Commerce Committee鈥檚 panel on surface transportation called the Federal Motor Carrier Safety Administration鈥檚 revised hours-of-service rule 鈥渁 sham,鈥 while advocacy groups asked a federal court to once again overturn portions of the rule.
December 24, 2007YRC Gains Labor Flexibility
On the heels of YRC Worldwide鈥檚 settlement with the Teamsters union on a new five-year labor contract with in-creased work-rule flexibility, ABF Freight System said it will offer an ambitious proposal to spend about $825 million to 鈥渨ithdraw from all of the 27 multi-employer pension plans to which we contribute.鈥
December 24, 2007TTNews.com to Close for Christmas
Transport Topics Online will be closed Wednesday through Friday for the Christmas holiday. Please check back on Monday, Dec. 29, for the latest trucking and freight transportation news.
December 23, 2007Public Citizen Sues Again Over HOS Rules
Safety advocates have again gone to court to try to block the Department of Transportation鈥檚 rule on truck driver hours of service, news reports said.
December 21, 2007November Personal Spending Jumps 1.1%
Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.
December 21, 2007EU Seeking Truck Emissions Cuts
European truck makers would have to cut urban air pollution in the European Union as much as 80% under new draft EU rules that would move Europe closer to U.S. standards, Bloomberg reported Friday.
December 21, 2007Bush Backs EPA on California Waiver Denial
President Bush defended the Environmental Protection Agency鈥檚 decision to reject California鈥檚 plan to regulate greenhouse gas emissions from automobiles, saying that a national strategy toward climate change is more effective than a state-by-state approach, the Los Angeles Times reported.
December 20, 2007FedEx Corp.鈥檚 2Q Income Declines
FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007Philadelphia Factory Index Contracts
Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.
December 20, 2007Trending
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