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, Fuel

Gasoline Falls 6¢ to $3.78, Lundberg Survey Reports

Gasoline’s national average pump price fell 6 cents in the past two weeks to $3.78 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

May 21, 2012
Perspective, Government, Business, Technology, Equipment, Safety

Opinion: Safety Compliance Enters the 21st Century

We live in an age of electronic information. Computers, the Internet, iPhones, iPads, GPS . . . all these technological wonders work to make our lives easier, reduce paperwork and give us all more time to do other things.

May 21, 2012
Editorial, Government, Business, Technology, Equipment

Editorial: Trucking Needs Electronic Logging

After carefully weighing the pros and cons in the sometimes overheated debate over whether the federal government should mandate electronic logging devices in heavy-duty trucks, we unequivocally support a requirement for electronic logging to monitor hours-of-service compliance.

May 21, 2012
Business, Safety

NHTSA Eyes Stability-Control Mandate

The National Highway Traffic Safety Administration last week proposed requiring all new heavy-duty vehicles to have electronic stability systems that reduce rollovers and loss of control, which the government said could prevent up to 56% of vehicle rollovers and 14% of loss-of-control crashes.

May 21, 2012
Business

April Class 8 Sales Jump 38.9% in 28th Straight Monthly Gain

U.S. fleets bought 16,905 new heavy-duty trucks in April, a 38.9% jump over the corresponding period of 2011, WardsAuto.com reported.

May 21, 2012
Business

Construction Comeback Boosts Flatbeds, Heavy Haulers

The reinvigorated U.S. construction sector, including home and commercial building, is driving stronger business volumes for flatbed and heavy haul carriers, according to several fleet officials.

May 21, 2012
Business, Logistics

LTL Carriers Hope Conference Committee Will Revive Pup-Trailer Expansion Plan

A House-Senate conference committee working to draft a compromise long-term highway bill may resurrect a proposal to allow longer tandem pup trailers that had been considered dead after the House bill that included it was dropped.

May 21, 2012
Business

ATRI State Survey of Rollovers May Spark Safety Measures

American Transportation Research Institute has completed the first phase of a truck rollover study that it said could result in highway improvements and electronic notification systems to warn drivers as they approach areas where roll-overs are prevalent.

May 21, 2012
Business, Logistics

Caterpillar Sells Majority Interest in 3PL to Private Equity Firm for $750 Million

Caterpillar Inc. has agreed to sell a majority interest in its third-party logistics business to privately held Platinum Equity for about $750 million, while retaining its in-house international network to support its dealers and customers.

May 21, 2012
Business

EPA Says It Took Shortcut In Navistar Penalty Rule

WASHINGTON — If the Environmental Protection Agency had not taken a shortcut in writing a regulation allowing Navistar Inc. to pay penalties in order to sell engines that exceed 2010 emissions standards, the truck manufacturer would have had to stop selling the engines, a federal attorney said in court.

May 21, 2012