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

Hub Group Buys Drayage Carrier Domestic Transport

Intermodal and logistics firm Hub Group Inc. said Monday it has acquired Pacific, Wash., drayage carrier Domestic Transport. Terms were not disclosed.

June 13, 2011
Business, Fuel

Gasoline Falls 17¢ to $3.74, Lundberg Says

Gasoline’s national average price plunged 17 cents in the past three weeks to $3.74 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.

June 13, 2011
Business, Safety, Technology

iTECH: Roadside Electronics Track Vehicle Registration Data

Technology that can detect from the roadside whether a vehicle is current on its registration and insurance has been launched successfully on a small island nation and could be expanded to save North American cargo fleets some time on the road and in the back office.

June 13, 2011
Business

Class 8 Truck Orders Soar

Orders for new Class 8 trucks in North America jumped 85% in May compared with a year ago, and manufacturers said component shortages — particularly axles and tires — were affecting output.

June 13, 2011
Business

Pressure Builds to Raise Pay for Drivers as Demand Grows

As drivers and hauling capacity become scarcer, pressure is building for pay increases for truckload fleet drivers that could top 10% by this time next year, according to several experts.

June 13, 2011
Government, Business

Mississippi Fleets’ CSA Scores Jeopardized When Political Dispute Stalls 30,000 Reports

Mississippi officials said a behind-the-scenes political dispute prevented the uploading of about 30,000 commercial motor vehicle roadside inspection reports into the Federal Motor Carrier Safety Administration’s database — probably affecting the safety scores of the large number of motor carriers who received state inspections.

June 13, 2011
Business

Roadcheck 2011 Focuses Inspections on Equipment, Health of Drivers

DUMFRIES, Va. — Commercial vehicle safety inspectors conducted their annual Roadcheck event last week, a 72-hour period of concentrated inspections on highways in the United States, Canada and Mexico.

June 13, 2011
Business

Michigan Lawmakers Propose Partnership for New Bridge Between Detroit, Ontario

A new bill introduced in the Michigan legislature would allow the state and Canada to build a long-awaited bridge between Detroit and Windsor, Ontario, a project vigorously supported by truckers, automakers and labor unions in the Great Lakes region.

June 13, 2011
Business, Fuel

EPA Urges Better Monitoring of SCR Emission Systems

The Environmental Protection Agency last week updated its guidance for certification of heavy-duty truck engines using selective catalytic reduction to reduce emissions, rejecting claims made last year by truck maker Navistar Inc. that the technology can be easily defeated.

June 13, 2011
Business

Navistar Second-Quarter Net Income Rises 72%

Navistar International Corp. last week reported net income for its fiscal second quarter jumped 72% and predicted sharp increases in production, sales and profits during the second half of the year.

June 13, 2011