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

Trade Deficit Widens in March

The U.S. trade deficit widened in March to the highest level in more than a year, as crude oil imports rose, the Commerce Department said Wednesday.

May 12, 2010
Business

Va. Wants Federal Approval to Toll I-95 Near N.C. Border

Virginia Gov. Bob McDonnell (R) has asked federal officials to allow tolls on Interstate 95 near the North Carolina border to pay for repairs he said are needed on the interstate, the Associated Press reported.

May 12, 2010
Business

ArvinMeritor Launching Vocational Trailer Suspension

FRANKFORT, Ky. — ArvinMeritor Inc. is about to launch a new line of trailing-arm air-ride trailer suspensions specifically designed for fleets that operate in vocational markets.

May 11, 2010
Business, Fuel

DOE Boosts Diesel’s 2010 Price Forecast to Over $3 a Gallon

Diesel’s national average price will top $3 a gallon this year, the Department of Energy said Tuesday, boosting an earlier forecast by a dime.

May 11, 2010
Business

Navistar Signs 5-Year Truck-Supply Pact With J.B. Hunt

Navistar Inc. has signed a long-term agreement to supply J.B. Hunt Transport Services with International brand commercial trucks through 2014.

May 11, 2010
Government, Business, Safety, Autonomous

Former DOT Chief Skinner Defends LaHood

CHICAGO — Former Transportation Secretary Samuel Skinner defended current Secretary Ray LaHood, telling tank truck executives here that recent pushes to promote rail and other modes of transportation at the expense of trucking were likely foisted upon him by the White House.

Sean McNally | Staff Reporter
May 11, 2010
Business, Autonomous

Tornado Destroys Oklahoma Truck Stop

Tornados ripped through Oklahoma Monday, killing five, injuring 10 and destroying a Love’s Travel Stop near Oklahoma City, among other buildings.

May 11, 2010
Government, Business

S.C. Trucking Assn. May Withdraw Support on Tort Reform

The South Carolina Trucking Association said it will withdraw support of a tort reform measure it championed if lawmakers do not kill amendments that the association said have weakened the bill.

Michele Fuetsch | Staff Reporter
May 11, 2010
Government, Business, Safety, Autonomous

S.C. Trucking Assn. May Withdraw Support on Tort Reform

The South Carolina Trucking Association said it will withdraw support of a tort reform measure it championed if lawmakers do not kill amendments that the association said have weakened the bill.

Michele Fuetsch | Staff Reporter
May 11, 2010
Business

Wholesale Inventories Rise in March

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

May 11, 2010