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

Volvo, Mack to Make Transmissions at Hagerstown, Md., Plant

Growing demand has prompted Volvo Trucks North America and Mack Trucks to move assembly of its transmissions to Hagerstown, Md., the two companies said Wednesday.

June 1, 2011
Business

Roadrunner Buys Refrigerated Carrier Bruenger Trucking

Roadrunner Transportation Systems said it has acquired refrigerated truckload carrier Bruenger Trucking Co., in a transaction worth up to $13.6 million.

June 1, 2011
Business, Fuel

Diesel Falls for Fourth Straight Week, Dropping 4.9¢ to $3.948 a Gallon

Diesel continued its recent downward trend, falling for the fourth straight week with a 4.9-cent decline to $3.948 a gallon, while gasoline fell for a third week, the Department of Energy said.

June 1, 2011
Business

Conn. Boosting Diesel Tax By 3 Cents in July

Connecticut’s diesel tax will go up 3 cents on July 1, pushing the levy from 39.6 to 42.6 cents a gallon under a recent budget agreement between state legislators and Gov. Dan Malloy (D).

Michele Fuetsch | Staff Reporter
June 1, 2011
Business

Construction Spending Increases 0.4% in April

Construction spending rose 0.4% in April, the second straight monthly increase, the Commerce Department said Wednesday.

June 1, 2011
Business

Postal Service Lacks Funds to Repair, Replace Aging Truck Fleet, GAO Study Finds

The U.S. Postal Service, like many commercial fleets, is facing the problems of an aging truck fleet, including burgeoning maintenance costs, but lacks the financial resources to do anything about it, a new government study found.

June 1, 2011
Government, Business

NAFTA Surface Trade Tops $80 Billion for First Time

Surface transportation trade among the United States, Canada and Mexico jumped 15.6% in March from a year ago, topping $80 billion for the first time on record, the Department of Transportation said Tuesday.

May 31, 2011
Government, Business

Freight Network, Spending Plan Contained in Transportation Bill

A bipartisan transportation reauthorization bill being prepared by four key United States senators would map out a national network of freight corridors and dedicate a percentage of Highway Trust Fund dollars to road projects within that network, a Senate staff member said.

Michele Fuetsch | Staff Reporter
May 31, 2011
Business

Freightliner Class M2 Vehicles Get Automated Transmission

Freightliner Trucks has introduced an automated manual transmission for its Class 6 and 7 Business Class M2 vehicles.

May 31, 2011
Business, Logistics

NFI Buys Gilbert’s West Coast Operations

NFI said Tuesday it has acquired the West Coast operations of Gilbert Co., a subsidiary of A.P. Moller-Maersk Group.

May 31, 2011