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, Logistics

Stalled Talks at East, Gulf Ports Threaten Fall Freight Season

Shippers and truckers are urging officials of the International Longshoremen’s Association and the United States Maritime Alliance to restart contract discussions so that the just-beginning fall freight shipping season won’t be disrupted.

September 3, 2012
Business, Equipment

Eaton Committed to Hybrid Drivetrains; Says Challenged by ‘Vertical Integration’

Although natural gas has taken some of the limelight away from hybrid drivetrains for trucks, Tier One component supplier Eaton Corp. said it is still committed to electric and hydraulic hybrids, and announced a research plan to reduce the size of hybrid batteries by up to 50%.

September 3, 2012
Business

Virginia Submits Application for I-95 Tolls as Trucking Industry Continues Opposition

Virginia officials submitted an application late last month to the federal government seeking formal permission to toll Interstate 95, while the trucking industry and other opponents continued to push back against it.

September 3, 2012
Business

FMCSA Working on Extensive Rulemakings Ordered by New Transportation Funding Law

ALEXANDRIA, Va. — Federal Motor Carrier Safety Administration officials said they already are working on some of the more than two dozen rulemaking mandates contained in the new transportation reauthorization law signed in July.

September 3, 2012
Business, Fuel

Diesel Price Rises 6.3¢ to $4.089; Storm Spares Oil Facilities in Gulf

The average cost of a gallon of retail diesel fuel in the United States rose 6.3 cents to $4.089 last week, the Department of Energy reported, but truckers received some positive news as Hurricane Isaac appeared to have spared oil and fuel facilities in the Gulf.

September 3, 2012
Business

Transport Topics Online Closed for Labor Day

Transport Topics Online will be closed Monday for the Labor Day holiday. Please check back on Tuesday, Sept. 4, for the latest trucking and freight transportation news.

August 31, 2012
Business, Technology

Rand McNally Upgrades Its GPS Software

Rand McNally Co., Skokie, Ill., said it has introduced a software upgrade for its IntelliRoute TND 510 truck GPS unit, which includes updated map data and additional trucking points of interest.

August 31, 2012
Business

Factory Orders Rise 2.8% in July

Factory orders rose 2.8% in July, the biggest gain in a year, the Commerce Department said Friday.

August 31, 2012
Business, Logistics

Intermodal Traffic Up 5.2% for Week

U.S. intermodal traffic was up 5.2% last week over a year ago, the Association of American Railroads reported.

August 31, 2012
Business

Consumer Confidence Rises to Three-Month High

Consumer confidence rose in August to the highest level in three months, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

August 31, 2012