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.

Editorial, Government, Business

Editorial: Growing ‘Cliff’ Worries

Concerns about the “fiscal cliff” seem to be spreading into lots of unexpected places, including the heart of the trucking industry.

December 10, 2012
Business

Class 8 Orders Slip as Buyers Shift Focus to 2013

New Class 8 truck orders slipped to 20,200 in November from a nine-month high the previous month, as truck buyers increasingly turned their focus to next year, ACT Research reported.

December 10, 2012
Business, Fuel

New Engine to Spur Use of Nat Gas as Trucking Fuel, Panelists Predict

ARLINGTON, Va. — The use of natural gas in Class 8 freight-hauling trucks should begin in earnest next year with the introduction of an engine suitable for heavy-duty loads, according to a panel of original equipment manufacturers.

December 10, 2012
Business, Fuel

Nat Gas Has Great Promise for Trucking, Summit Told

ARLINGTON, Va. — Natural gas has tremendous potential as a trucking industry fuel, but its era for over-the-road freight hauling is just beginning, according to industry experts who addressed the Natural Gas in Trucking Summit here Nov. 29 and 30.

December 10, 2012
Business

‘Fiscal Cliff’ Sparks New Deals as Carriers Ponder Tax Changes

The nation’s pending “fiscal cliff” and uncertainty about future federal tax rates are turning up the pressure to complete trucking industry acquisitions and sales before the end of the year, according to industry experts.

December 10, 2012
Business

Fleets Move to Clear Backlog After SoCal Port Strike Ends

Southern California port truckers returned to work last week, and began moving tens of thousands of containers trapped by the eight-day walkout by the union that represents the port’s clerks,

December 10, 2012
Government, Business

Communication Is Key to Getting Trucks Fixed After Roadside Breakdowns, Repairers Say

When trouble strikes and a truck is disabled, establishing clear lines of communication between the driver, the driver’s dispatcher and the technician handling the problem are paramount to ensuring that the vehicle gets back on the road quickly and at minimal cost, according to the managers of several roadside-repair networks.

December 10, 2012
Business, Fuel

Fleets Must Reshape Shops to Handle Natural Gas, Experts Say

ARLINGTON, Va. — Fleet managers intent on choosing natural gas as a truck fuel will have to go through a complicated and expensive process to convert, including the development of training and maintenance procedures, said participants in the American Trucking Associations’ Summit on Natural Gas in Trucking.

December 10, 2012
Business, Fuel

Infrastructure, Maintenance Among Issues Preventing Faster Transition to Natural Gas

ARLINGTON, Va. — The low price of natural gas is a main reason why it is so appealing to trucking, but concerns ranging from infrastructure to maintenance are forcing the industry to go slow, executives said.

December 10, 2012
Business, Fuel

Natural Gas Incentives Unlikely, Congressmen Tell Summit

ARLINGTON, VA. — Trucking should expect “piecemeal” measures that promote natural gas use because the federal government probably is too divided to tackle comprehensive legislation that could include incentives for buying natural gas trucks, two congressmen said.

December 10, 2012