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

Fed ‘Beige Book’ Shows Improved Transport Activity

Trucking and rail activity increased in April and May, with freight traffic and materials shipments improving in several regions, the Federal Reserve said Wednesday.

June 9, 2010
Business

Navistar’s 2Q Income More Than Doubles

Navistar International Corp. said Wednesday its fiscal second-quarter profit more than doubled, on higher truck and engine sales.

June 9, 2010
Business

DOT Freight Transport Index Improves

The Department of Transportation’s freight transportation services index rose 4.8% in April from a year ago, marking the second consecutive increase.

June 9, 2010
Business

Wholesale Inventories Rise in April

Wholesale inventories rose 0.4% in March, the Commerce Department said Wednesday.

June 9, 2010
Fuel, Business

DOE Lowers 2010 Diesel Forecast to Below $3 a Gallon

The Department of Energy said diesel will average under $3 a gallon this year, lowering last month’s forecast by about a dime.

June 8, 2010
Government, Business

Florida to Allow Some Heavier Truck Loads

Florida Gov. Charlie Crist (R) signed a bill Friday allowing the state’s Department of Transportation to develop a permit process to allow trucks to carry up to 88,000 pounds on non-interstate highways.

Michele Fuetsch | Staff Reporter
June 8, 2010
Business

Navistar Remains Tractor Provider for Heartland Express

Navistar Inc. said Tuesday it will remain the exclusive provider of Class 8 tractors for truckload carrier Heartland Express.

June 8, 2010
Government, Business, Logistics

Port of L.A. Cites Clean Truck Program for Reduced Emissions

Officials at the Port of Los Angeles are crediting their clean trucks program, which resulted in significant turn-over of older trucks to newer and cleaner trucks, for significantly lowering port-wide diesel emissions in 2009.

June 8, 2010
Business, Safety, Government

N.C. Supports Virginia’s Plan to Toll I-95

North Carolina’s secretary of transportation is supporting a plan by Virginia to put tolls on Interstate 95 near the border of the two states, the Associated Press reported.

June 8, 2010
Business, Fuel

Diesel Continues to Fall, Declining 3.4¢ to $2.946 a Gallon

Diesel fell for a fourth straight week, dropping 3.4 cents to $2.946 a gallon, its lowest price in 10 weeks, the Department of Energy said.

June 8, 2010