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

Boehner, Cantor Ask Obama to Withdraw HOS Proposal

The two senior-ranking House Republican members said the Obama administration should withdraw proposed regulations for truck drivers’ hours-of-service, Bloomberg reported.

October 6, 2011
Business

Jobless Claims Rise for Week

Initial jobless claims rose by 6,000 last week to 401,000, the Labor Department said Thursday.

October 6, 2011
Business, Logistics

Transplace Wins Contract With Elementis

Transplace has announced that chemicals maker Elementis Specialties Inc. has selected it to handle its domestic transportation. No contract terms were revealed.

October 6, 2011
Business

NTTC Asks DOT to Halt Two Tank Truck Rulemakings

National Tank Truck Carriers said Wednesday it has asked Transportation Secretary Ray LaHood to stop two rulemaking processes aimed at tank trucks.

October 5, 2011
Business

Volvo Offers New Powertrain Package for VN Trucks

Volvo Trucks North America said it was introducing a new powertrain package for its VN series tractors aimed at reducing fuel consumption by up to 3%.

October 5, 2011
Business, Fuel

Oil Gains $4 to More Than $79 a Barrel

Oil took its biggest single-day jump in five months Wednesday, rising $4 to more than $79 a barrel following a report that showed inventories plunged last week, Bloomberg reported.

October 5, 2011
Business, Logistics

Provident Energy Acquires Two-Thirds Interest in Three Star Trucking

Provident Energy announced it has completed its acquisition of a two-thirds interest in Three Star Trucking, a Saskatchewan-based oilfield hauling company serving crude oil producers.

October 5, 2011
Business, Technology

Teletrac to Provide EOBRs for Mexican Trucks

AUSTIN, Texas — Teletrac Inc. will supply electronic monitoring devices in Mexican trucks participating in the cross-border trucking pilot program set to begin soon, a federal official announced.

Timothy Cama | Staff Reporter
October 5, 2011
Business, Government

ISM Services Index Slips But Shows Continued Expansion

An index of the U.S. economy’s service sector declined in September but still showed expansion, the Institute for Supply Management said Wednesday.

October 5, 2011
Business

Daimler Will Protect Employees’ Jobs Through 2016

Daimler AG has pledged to protect the jobs of its permanent employees through 2016, Bloomberg reported Wednesday.

October 5, 2011