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.

Government, Business, Logistics

N.J. Tunnels Raised to Allow Double-Stacked Containers

Intermodal facilities at the Port of New York and New Jersey were enhanced recently with the raising of two tunnels to allow double-stacked containers to travel on rails from the port to the Midwest and beyond.

October 12, 2010
Business, Logistics

September Intermodal Traffic Rises 17.3%

Intermodal traffic rose 17.3% in September from a year ago, the Association of American Railroads said.

October 12, 2010
Government, Business

Obama Touts Infrastructure Investment

President Obama called on federal lawmakers to back his initiative to spend $50 billion to modernize the country’s infrastructure and help reduce unemployment, the Washington Post reported Tuesday.

October 12, 2010
Business

Navistar Lays Off 250 Workers at Ohio Truck Plant

Navistar International Corp. sent layoff notices to about 250 workers at an Ohio truck assembly plant, the Springfield (Ohio) News-Sun reported.

October 12, 2010
Business

Volvo Supports European Truck Emissions Regulations

The Volvo Group said it supports proposals to regulate truck emissions by the European Union, as long as the regulations consider trucks’ role transportation freight.

October 12, 2010
Business, Technology

iTECH: Connecting Technology to the Corporate Suite

Considering the treatment that a budding chief information officer once might have gotten on the playground from a budding truck driver, it is no small thing in 2010 to hear that the successful trucking company desperately needs both of these people to move the freight and make a profit.

October 12, 2010
Business, Technology

Map-Maker Rand McNally Takes Stake in DriverTech

Rand McNally took a minority ownership stake in DriverTech LLC, positioning the Skokie, Ill., map maker to compete directly with other mobile communications providers.

October 12, 2010
Business, Technology

McLeod Acquires Maker of LTL Software

McLeod Software has acquired Enterprise Information Solutions Inc., a software firm specializing in the less-than-truckload market, the companies jointly announced.

Dan Leone | Staff Reporter
October 12, 2010
Business

Used Truck Sales Rise as Dealers Buy Aggressively

Used-truck dealers, facing a dearth of late-model, low-mileage vehicles after large fleets drained the market earlier this year, shopped aggressively in August, pushing sales up 55% from year-ago levels, according to industry sources.

October 11, 2010
Business

LTL Sector Outlook Brightens as Rate Hikes Stick, Experts Say

Following recent rate increase announcements by three major less-than-truckload carriers, industry experts said the LTL sector has turned the corner toward profitability, with shipment volumes, tonnage and rates all improving, but not yet soaring.

October 11, 2010