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.

Letters to the Editor, Business

Letters: Sales vs. Orders, Open Letter to FMCSA

I have been following your Class 8 sales data but recently have noticed that you are publishing information on Class 8 orders. The difference is about 2,000 to 3,000 units, and I am curious as to what the definition of sales vs. orders is in your articles.

November 22, 2010
Business, Government

Freight Capacity Will Tighten, Carrier Executives Predict

FORT LAUDERDALE, Fla. — Freight capacity in 2011, especially in trucking, will be constricted by a combination of federal legislative and regulatory policy and recession-related private-sector curbs on investment.

November 22, 2010
Business, Government

Shippers Focus on Pricing, Service for Supply Chains

FORT LAUDERDALE, Fla. — Competitive pricing and reliable service remain in the forefront as shippers optimize their supply chains, executives with three large retail firms said.

November 22, 2010
Business, Government

Future of Transportation Policy Is a Mystery as GOP Takes Congress, NITL President Says

FORT LAUDERDALE, Fla. — The future of federal transportation policy is a major question as the Republican Party prepares to take control of the House of Representatives, the National Industrial Transportation League’s president said.

November 22, 2010
Business

Class 8 Sales Growth Slows as October Purchases Rise 2.5%

Broad-based growth in heavy-duty truck sales slowed in October, as Volvo and Daimler’s two brands grew by more than 40% each, but the four other major nameplates all slipped below their low October 2009 totals.

November 22, 2010
Government, Business, Safety

FMCSA to Make CSA Changes Before System’s December Debut

The Federal Motor Carrier Safety Administration said last week that it was making several changes to its CSA safety monitoring system that industry officials said would shield the industry from misleading interpretations.

November 22, 2010
Business

Oberstar Reflects on Career, Regrets Lack of New Road Bill

WASHINGTON — Rep. James Oberstar (D-Minn.), the outgoing chairman of the House Transportation and Infrastructure Committee, said the failure to pass a new highway spending bill was perhaps his greatest regret in his nearly half-century working on transportation policy.

November 22, 2010
Business

Michigan State Senator Will Call for Vote on New Crossing Between Detroit, Ontario

A Michigan state senator said he will call for a vote before the legislative session ends in December on whether the state should move ahead with plans to build a new, publicly owned toll bridge between Detroit and Windsor, Ontario.

November 22, 2010
Business, Government

Environmentalists Seek Tougher Standards for Heavy, Medium Truck Fuel Efficiency

Environmental groups said they back the Obama administration’s push to set standards for heavy- and medium-duty truck fuel efficiency, and last week, they called for making the standards even tougher.

November 22, 2010
Business, Fuel

Pair in $75 Million Oil Scam to Be Sentenced in Dec.

A federal judge is scheduled next month to sentence two participants in a conspiracy by two New York City-area tank-truck firms accused of jointly skimming an estimated $75 million in heating oil from customers over a 17-year period.

November 22, 2010