Business
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.
February Truck Tonnage Rises 4.2%
February truck tonnage increased 4.2% from a year ago but slipped from January, American Trucking Associations said Tuesday.
March 22, 2011ATA Mulls Suit Over HOS Rule
American Trucking Associations is “poised” to file a lawsuit against the Federal Motor Carrier Safety Administration if the agency adopts a proposed rule that would cut driver time to 10 hours a day, ATA Chairman Barbara Windsor said.
New Senate Bill Would Create Infrastructure Bank
A bipartisan group of Senators has introduced a bill that would create a national infrastructure bank to issue loans and loan guarantees for transportation and other infrastructure projects of regional and national significance.
Caterpillar Introduces Vocational Truck
LAS VEGAS — Caterpillar Inc. has introduced the CT660, the first in a line of Caterpillar-branded vocational on-highway truck models.
March 22, 2011Diesel Drops for First Time Since November
Diesel slipped a tenth of a cent to $3.907 a gallon, its first drop since November, while gasoline also declined, the Department of Energy said Monday.
March 22, 2011Berkshire Hathaway to Buy Lubrizol
Berkshire Hathaway will acquire Lubrizol Corp., the world’s largest producer of lubricant additives, the companies said.
March 22, 2011Xata Corp. Becomes a SkyBitz Reseller
Telematics and mobile communications provider Xata Corp., Eden Prairie, Minn., now resells trailer-tracking systems made by SkyBitz, the companies announced March 9.
March 22, 2011Washington State Supreme Court Ruling Locks in Lower Tax Rate for OmniTracs
Purchasers of Qualcomm Inc.’s OmniTracs system in Washington state dodged a tax hit following a March 10 decision about the legal classification of that system by the Washington Supreme Court.
March 21, 2011YRC’s Holland Unit to Hire 1,000 Drivers
YRC Worldwide’s Holland unit said Monday it plans to hire about 1,000 drivers this year.
March 21, 2011Persson to Succeed Johansson as Volvo’s CEO
Olof Persson will become CEO of Volvo AB as of Sept. 1, the truck maker said.
March 21, 2011