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, Government, Safety, Technology, Equipment, Autonomous

Bendix Works to Correct Defect, but Date for Valve Fix Uncertain

Officials of brake manufacturer Bendix Commercial Vehicle Systems said they are wrestling with the challenge of manufacturing and distributing replacement parts for a defective valve that could cause braking problems, which prompted federal and heavy-duty truck manufacturer recalls.

February 13, 2012
Business

Shippers Support Trucking Industry’s Campaign to Get Congress’ OK for Longer, Heavier Vehicles

As members of Congress race to pass a federal highway reauthorization bill by the end of March, many shippers are throwing their support behind legislation that would give states the authority to allow truckers to carry loads up to 97,000 pounds on interstate highways — a change they say would cut shipping costs considerably.

February 13, 2012
Government, Business, Safety, Autonomous

ATD Selects Kentucky’s Dotson as Truck Dealer of the Year

LAS VEGAS — Terry Dotson never set out to be a truck salesman, but he was so good on the lot selling big rigs that he rose eventually to be chairman and CEO of Worldwide Equipment Enterprises Inc.

February 13, 2012
Business

Highway Bill Vote Nears

Both houses of Congress were scheduled to vote this week on separate transportation reauthorization bills that would provide highway spending of more than $41 billion annually.

February 13, 2012
Business, Safety, Government, Autonomous

ATA Installs 15 More Pavers at Capitol Office; $675,000 Raised So Far to Pay Down HQ Debt

American Trucking Associations installed a batch of 15 rooftop deck pavers at its Capitol Hill office last month, the latest of 46 pavers to be placed at the Washington, D.C., building, the group announced last week.

February 13, 2012
Business, Autonomous

Intermodal Freight Gains 4.9% in 2011, Boosted By Strong Domestic Shipments

Truck-rail intermodal freight increased 4.9% in 2011 from the previous year, led by a strong gain in domestic shipments and putting last year’s volume in a virtual tie for the second-best annual volume ever, the Intermodal Association of North America reported.

February 13, 2012
Business, Logistics

Weekly Intermodal Traffic Soars 16.8%

U.S. intermodal traffic jumped 16.8% for the week ended Saturday from a year ago, the Association of American Railroads reported.

February 10, 2012
Business

Senate, House Expected to Vote on Highway Bills

The U.S. Senate and House of Representatives are expected to vote as early as next week on their long-awaited transportation reauthorization bills.

Michele Fuetsch | Staff Reporter
February 10, 2012
Government, Business, Autonomous

Quality Expects Fourth-Quarter Profit

Tank truck carrier Quality Distribution said it expects to post profits for both the fourth quarter and full-year 2011.

February 10, 2012
Business, Fuel, Government

U.S. Trade Deficit Widens to Six-Month High

The U.S. trade deficit expanded by 3.7% in December as imports climbed to the highest level in more than three years, the Commerce Department said Friday.

February 10, 2012