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

Philadelphia Tops ATRA’s Annual Listing of Worst U.S. Places to Be Sued in Court

Philadelphia has knocked New York City from the top spot on the American Tort Reform Association’s list of the worst places to be a defendant in a lawsuit.

January 3, 2011
Business

November Tonnage Rises 3.9% In 12th Consecutive Increase

Truck tonnage hauled increased in November for the 12th month in a row, rising 3.9% above the corresponding month of 2009, according to American Trucking Associations.

January 3, 2011
Business, Safety

FMCSA Proposes Large Fines for Handheld Cell Phone Use

The Federal Motor Carrier Safety Administration has proposed fines up to $2,750 for truckers who use a handheld cell phone while driving, as well as the possible suspension or revocation of a commercial license for repeated offenses.

January 3, 2011
Business

Navistar’s 4Q Profit Dips on Engine Costs

Truck and engine maker Navistar International Corp. said its fiscal fourth-quarter profit fell to $39 million from $86 million last year, as costs related to engine development and a new labor contract with United Auto Workers chipped away at results.

January 3, 2011
Business

Turnover Rate to Increase in 2011, Economist Says

Driver turnover is expected to rise this year after remaining near record lows for much of 2010, as the economy strengthens and new federal safety initiatives are implemented, a trucking official said.

January 3, 2011
Business

TTNews.com Closed for New Year’s Holiday

Transport Topics Online will be closed Monday for the New Year’s holiday. Please check back on Tuesday, Jan. 3, for the latest trucking and freight transportation news.

December 30, 2010
Business

Congress, Obama Extend Transportation Funding Through Early March

President Obama has signed legislation extending funding of federal transportation programs through March 4.

December 30, 2010
Business

Chicago Manufacturing Index Improves

Manufacturing activity in the Chicago region jumped this month, indicating overall strength in the U.S. economy, the Institute for Supply Chain Management-Chicago said Thursday.

December 30, 2010
Business

Saddle Creek Buys ProLog to Add Service

Logistics company Saddle Creek Corp. said it acquired ProLog Logistics Inc., a warehousing operator.

December 30, 2010
Government, Business, Technology, Equipment

Court Grants FMCSA Extension on HOS Logbook Rule

A federal appeals court granted the Federal Motor Carrier Safety Administration an extension on its proposal for hours-of-service documents until Jan. 31.

December 30, 2010