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

Navistar Ahead of Schedule in Shipping ProStars with Cummins SCR Engines

Navistar International Corp. said it is shipping its first 300 International ProStar Plus Class 8 tractors equipped with Cummins ISX15 engines, which use selective catalytic reduction technology.

December 18, 2012
Business

FleetPride Acquires Drake Supply

Heavy-duty truck parts supplier, FleetPride Inc., said it has acquired the assets of truck parts firm Drake Supply Co. Terms were not disclosed.

December 18, 2012
Business, Fuel

Diesel Drops 4.6¢ to $3.945 a Gallon; Gasoline Plunges 9.5¢ to 2012 Low of $3.254

Diesel continued to decline, falling 4.6 cents to $3.945 a gallon, its eighth drop in the past nine weeks, while gasoline plunged by almost a dime to its lowest level this year, the Department of Energy said.

December 18, 2012
Business

Trucking Industry Honors Veterans During ‘Wreaths Across America Day’

A convoy of trucks delivered 34 truckloads of wreaths on Saturday to Arlington National Cemetery, where they were placed by gravesides by thousands of volunteers during “Wreaths Across America Day.”

December 17, 2012
Business

UPS Says Thursday Will Be Busiest Day of Peak Holiday Week

UPS Inc. said that Monday begins its seasonal peak week of the year and that it plans to deliver more than 135 million packages around the world this week, culminating with 28 million deliveries Thursday, its busiest day of the holiday season.

December 17, 2012
Business

Ryder Names Robert Sanchez CEO, Effective Jan. 1

Ryder System Inc. said Monday that the company’s president, Robert Sanchez, will become CEO effective Jan. 1, succeeding Gregory Swienton.

December 17, 2012
Business

New York Manufacturing Index Contracts for Fifth Month

Manufacturing activity in the New York region contracted in December for a fifth straight month, the Federal Reserve Bank of New York said Monday.

December 17, 2012
Business, Technology

New Mexico Adopts Drivewyze Weigh Station Bypass System

New Mexico adopted the Drivewyze PreClear system as its new service for trucks to bypass weight stations and mobile inspections sites on all major routes in the state.

December 17, 2012
Perspective, Business, Equipment

Opinion: Supply Chain Accountability

Over the past several years, government regulation that should be directed at every link of the supply chain has become increasingly focused on the trucking industry’s portion. If this continues, it quickly will become toxic to our industry and the economy as a whole.

December 17, 2012
Editorial, Business

Editorial: Bringing Production Onshore

Last week’s announcement by Daimler Trucks North America that it will move production of a line of transmissions and a line of turbochargers from Germany to a plant it runs outside Detroit is just the latest development in a trend that has become known as “onshoring.”

December 17, 2012