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

Three More Mexican Fleets Pass U.S. Audits

Federal officials said they have completed safety audits for three more Mexico-based carriers wishing to operate in the United States, but participation in the cross-border program remains far below what the U.S. government has said is needed to properly gauge the safety of Mexican carriers.

May 21, 2012
Business, Safety

CVSA’s Annual Roadcheck Event Set for June 5-7

The Commercial Vehicle Safety Alliance said that roughly 10,000 truck and bus inspectors will fan out at more than 1,500 locations across North America from June 5-7 for the annual “Roadcheck” safety event.

May 21, 2012
Business, Fuel

Diesel Prices Drop Another 5.3¢ to $4.004 per Gallon

Retail diesel prices retreated another 5.3 cents to $4.004 a gallon last week, the Department of Energy reported, as crude oil prices sank to their lowest levels of the year.

May 21, 2012
Business, Fuel

Volvo Trucks Planning 13-Liter LNG Engine

MIAMI — Volvo Trucks plans to introduce a  new 13-liter liquefied natural gas engine for its North American over-the-road customers in 2014, the latest development in the fast-growing move to natural gas products, company officials said Friday.

May 18, 2012
Government, Business, Technology, Equipment

FMCSA Formally Withdraws EOBR Rule

The Federal Motor Carrier Safety Administration has formally withdrawn its regulation that would have mandated electronic onboard recorders for some carriers.

Timothy Cama | Staff Reporter
May 18, 2012
Business

SoCal Ports’ Cargo Up 2% in April

Total cargo volume in Southern California ports of Los Angeles and Long Beach rose 2% in April, indicating stronger international trade volume at the nation’s two largest ports.

May 18, 2012
Business, Logistics

Intermodal Traffic Rises 3.1% for Week

U.S. intermodal traffic rose 3% for the week ended Saturday from a year ago, the Association of American Railroads said.

May 18, 2012
Business

YRC Freight Plans to Hire 200 Drivers

YRC Freight, the national less-than-truckload unit of YRC Worldwide, said it plans to immediately add 200 over-the-road drivers in 13 locations.

May 18, 2012
Business

NHTSA Proposes Stability-Control Mandate for Heavy Vehicles

Electronic stability-control systems would be required on all new heavy trucks and buses under a regulation proposed by the National Highway Traffic Safety Administration, which estimates it could prevent more than 2,300 crashes per year.

Timothy Cama | Staff Reporter
May 17, 2012
Business, Fuel

Natural Gas Prices May Double by 2015, FT Reports

U.S. natural gas prices may double from recent 10-year lows by 2015 as more of the fuel is used in transportation, the Financial Times reported May 17, citing an oil company executive.

May 17, 2012