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

Rush Completes Sale of Construction Equipment Business

Truck dealership Rush Enterprises said it has completed the sale of its John Deere construction equipment business, for $26.2 million.

September 13, 2010
Business

Mexico Still Allows Deliveries by U.S. Fleets in Pilot Program

Mexico has continued its side of the cross-border trucking pilot program begun in 2007, although the United States ended its participation and has denied Mexican trucks authority to deliver to U.S. destinations, a Mexican official said.

September 13, 2010
Business, Logistics

Rail Executives Pledge More Investment in Freight Corridors as Economy Improves

NEW YORK — Railroads large and small gave investors two consistent messages — economic growth will be slow but steady, and they will continue their commitment to investing in new projects such as freight corridors.

September 13, 2010
Business

New Truck Orders Rise Sharply in August

New orders for Class 8 trucks in North America climbed sharply in August, two commercial vehicle research companies said in preliminary reports.

September 13, 2010
Business

Descartes Reports Higher 2Q Profit

Descartes Systems Group said it earned $2 million, or 3 cents a share, in its second fiscal quarter, compared with $800,000, or 2 cents, a year ago.

September 13, 2010
Business

Industry Groups Wary of Plan from FDA on Food Transport

Trade groups representing the food, shipping and trucking industries have voiced caution and opposition to a plan by the U.S. Food and Drug Administration to create a potentially sweeping array of regulations governing safe food transportation practices.

September 13, 2010
Business, Equipment

TMC Meeting Agenda Includes CSA, Filters

Nearly 100 technicians will compete for national honors in truck maintenance next week in Raleigh, N.C., while fleet maintenance directors examine the details of the new federal CSA program, diesel particulate filters and the economic forecast for freight hauling.

September 13, 2010
Business

Truck Deaths Plunge 20% to Record Low

WASHINGTON — Highway crash deaths involving large trucks plummeted 20% in 2009 to 3,380, the third straight year it has set a record low, according to the National Highway Traffic Safety Administration.

September 13, 2010
Business

Navistar Begins Shipping Trucks with 2010-Compliant Engines

Truck and engine maker Navistar Inc. has begun shipping 2010-compliant heavy-duty engines, including more than 225 tractors with its 13-liter MaxxForce engines, the company said.

September 13, 2010
Business, Fuel

Diesel Price Dips 0.7¢ to $2.931

Diesel prices dipped for the fourth consecutive week, as the U.S. retail price average slipped 0.7 cent a gallon to $2.931 from the week before, the Department of Energy reported.

September 13, 2010