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

DTNA to Spend $120 Million to Boost U.S. Production

REDFORD, Mich. — Daimler Trucks North America said it will invest $120 million and add 115 union jobs to create two new assembly lines to make transmissions and turbochargers at its Detroit brand diesel engine plant.

December 17, 2012
Business

Truckload Turnover Remains Elevated as Demand for Drivers Rises

High driver turnover continues to plague the trucking industry, as third-quarter figures for both large and small truckload fleets stand near levels last seen in 2007, American Trucking Associations reported last week.

December 17, 2012
Business

UCR Fees to Remain Unchanged for 2013

Unified Carrier Registration program fees will remain unchanged in 2013, and the organization will seek to collect the fees from more interstate carriers, forwarders and brokers, the group’s chairman said.

December 17, 2012
Business

Utility Trailer Is Spending $13 Million in 2012 to Update, Improve Production at Factories

CITY OF INDUSTRY, Calif. — Utility Trailer Manufacturing Co. said it is spending $13 million this year to update and improve its production, including the use of post-assembly line modification centers, for its lineup of refrigerated, dry van, flatbed and curtainside trailers.

December 17, 2012
Business

Talks Continue at East, Gulf Ports; Southern Calif. Clearing Backlog

With a potential strike less than two weeks away, contract talks between the union representing East and Gulf Coast dock workers and management continued last week without an agreement.

December 17, 2012
Business

Freight Levels Improve in November Following Lull Caused by Superstorm

Freight levels appear to have strengthened during November, showing improvement after Superstorm Sandy temporarily depressed shipment volumes, according to recent carrier and analyst reports.

December 17, 2012
Business

Volvo, Mack Truck Models Get Greenhouse Gas Nod From EPA

Volvo Trucks and Mack Trucks Inc. became the latest heavy-duty truck makers to announce their truck models meet 2014 federal greenhouse-gas regulations.

December 17, 2012
Business, Safety

Truck-Crash Deaths Up 1.9%

Truck-involved highway fatalities inched up 1.9% to 3,757 in 2011 from 3,686 the year before, the National Highway Traffic Safety Administration reported last week.

December 17, 2012
Business

Honeywell to Buy Intermec, Unite Handheld Producers

Honeywell International Inc. said it has agreed to purchase Intermec Inc. for about $600 million in a deal that would unite two of the transportation industry’s largest suppliers of rugged handheld computers.

December 17, 2012
Business, Fuel

Diesel Declines 3.6¢ to $3.991, Seventh Drop in Eight Weeks

U.S. retail diesel prices declined for the seventh time in the past eight weeks, down 3.6 cents to $3.991 a gallon, the U.S. Department of Energy reported.

December 17, 2012