Trucking Business News

About 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.

GovernmentBusiness

Senate Authorizes Lawsuits Against OPEC

The Senate approved legislation late Tuesday that would allow the federal government to sue OPEC oil cartel nations under antitrust laws, Bloomberg reported.

June 20, 2007
FuelBusinessGovernment

Senate Panel Backs Alternative Fuel Tax Breaks

A Senate committee approved $28 billion in tax breaks Tuesday to underwrite renewable fuels and clean coal technology, but the full Senate cut back provisions that would greatly expand diesel fuel made from coal, the New York Times reported.

June 20, 2007
GovernmentBusiness

FTC Clears $7.4 Billion Chrysler Sale

Federal antitrust regulators cleared a private-equity firms $7.4 billion purchase of Chrysler from DaimlerChrysler, the Associated Press reported.

June 20, 2007
BusinessTechnology

Xtra Lease Adds Trailer-Tracking Features

Trailer equipment rental and leasing firm Xtra Lease said it has added new trailer-tracking features for fleets.

June 19, 2007
BusinessGovernmentFuel

Oil Rises to Nine-Month High, Nearing $70 a Barrel

Crude oil futures rose to a nine-month high Tuesday, closing at $69.10 a barrel, the highest New York Mercantile Exchange closing price since Sept. 1, Bloomberg reported.

June 19, 2007
Business

Express-1 Promotes Curry to President

Ground expediter Express-1 Expedited Solutions said Tuesday it has promoted Jeff Curry to president.

June 19, 2007
Business

Letters to the Editor: NYC Entry Fee, More on Biofuels

Who do the people of New York City think is going to pay this new anti-congestion truck tax?

June 19, 2007