Business
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.
Business Inventories Rise by Most Since May 2011
Business inventories rose 1% in January, the most since May 2011, the Commerce Department said Wednesday.
March 13, 2013Highway Construction Boosted by Warm Weather
The real value of highway construction increased in January due to warmer weather, according to American Road & Transportation Builders Association.
March 13, 2013Import Prices Rise by Most in Six Months
The price of goods imported to the United States rose 1.1% in February, the highest increase in six months, the Labor Department said Wednesday.
March 13, 2013Dana Introduces New Heavy-Duty Driveshaft, Axle
Truck and auto component maker Dana Holding Corp. said it introduced a new driveshaft and inter-axle shaft, designed for greater torque and durability.
March 13, 2013DOE Lowers Diesel Price Forecast to $3.90
Diesel will average $3.90 a gallon this year, the Department of Energy said, lowering its most recent forecast by 2 cents.
March 12, 2013FMCSA Warns Truckers to Use Truck-Specific GPS
The Federal Motor Carrier Safety Administration has begun distributing cards to truck drivers warning them that using GPS navigation devices meant for smaller vehicles can be dangerous and could lead to trucks hitting low bridges.
YRC Proposes Network Consolidations
YRC Freight has sent the Teamsters union a change-of-operations plan that proposes to close 29 terminals and move freight through other facilities.
March 12, 2013Maryland Truckers Oppose Plan to Index Fuel Taxes
The Maryland Motor Truck Association will oppose a transportation funding plan put forth by Gov. Martin O’Malley (D) that includes a new sales tax on motor fuel and a 5-cent reduction in the gasoline tax but not in the diesel tax.
Volvo Expands Remote Diagnostics Service
Volvo Trucks said it has expanded its remote diagnostics tool as a standard feature on its entire North American product line. It said separately it has entered into agreements with technology firms Telogis and Trimble Navigation to develop future fleet management services.
March 12, 2013Appeals Court to Hear HOS Arguments Friday
American Trucking Associations and a coalition of public interest advocates are expected to tell a federal court on Friday to strike down portions of the latest changes to federal hours-of-service rules.