Business

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.

Business

UMTRI Seeks New Money Sources After FMCSA Cutback

WASHINGTON — University of Michigan officials said they are beating the bushes looking for money to salvage key, long-term research into commercial vehicle crashes since the Federal Motor Carrier Safety Administration cut them off in late September.

January 28, 2013
Equipment, Business

Fleets Turning to Aftermarket for Parts, to Avoid Shortages, Find New Products

LAS VEGAS — Fleet executives said they are turning to the aftermarket to avoid potential parts shortages and also are finding value in performing more maintenance in-house.

January 28, 2013
Business

LaHood ‘Sticking Around’ as Secretary ‘for a While’

Transportation Secretary Ray LaHood said last week he would “be sticking around for a while” in President Obama’s Cabinet as the administration’s top transportation official.

January 28, 2013
Business, Fuel

Oil Finishes Week Near $96 a Barrel

Oil finished near $96 a barrel on Friday, ending the week higher for a seventh straight week, the longest string of weekly gains in almost four years, Bloomberg News reported.

January 25, 2013
Business, Logistics

Wabash to Buy Trailer Assets of Beall Corp.

Trailer manufacturer Wabash National Corp. said Friday it has agreed to buy the tank and trailer business of Beall Corp., a maker of aluminum tank trailers and related equipment, for $15 million.

January 25, 2013
Business, Logistics

Fidelitone Logistics Merges with Va. 3PL

Fidelitone Logistics said it has merged with Virginia-based third-party logistics firm Purnell Furniture Services to expand its delivery services to furniture retailers in the eastern part of the country.

January 25, 2013
Business

States Consider Boosting, Supplementing Gasoline Taxes to Pay for Infrastructure

States hit by falling revenue from fuel taxes are considering new sources of revenue, including raising gasoline taxes and creating taxes based on miles traveled, USA Today reported.

January 25, 2013
Business

New Home Sales Fall 7.3%

New home sales declined 7.3% in December, the Commerce Department said Friday.

January 25, 2013
Business

Oshkosh’s 1Q Income Rises to $46.2 Million

Oshkosh Corp.’s first-quarter income rose to $46.2 million from $38.9 million a year ago, the specialty truck maker said Friday.

January 25, 2013
Business

Iteris Reports Rise in 3Q Net Income

Iteris Inc., a provider of traffic management technology, reported a higher profit for its fiscal third quarter.

January 25, 2013