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, Government

U.S. Trade Deficit Grows in February

The U.S. trade deficit jumped 7.4% in February as imports climbed 1.7%, the Commerce Department said Tuesday.

April 13, 2010
Business

U.S., Mexico Set Cross-Border Transportation Working Group

Transportation Secretary Ray LaHood and his Mexican counterpart have agreed to form a working group to consider the next steps of the two countries’ cross-border trucking program.

April 13, 2010
Business

UPS Launches App for Android Phones

UPS Inc. said it has launched an application for the Android mobile phone operating system that ships and tracks packages and can find the nearest UPS location.

April 12, 2010
Government, Business, Technology, Equipment

CTA Predicts Broader U.S. EOBR Mandate

The Canadian Trucking Alliance said the U.S. Federal Motor Carrier Safety Administration will “inevitably” move toward broader electronic onboard recorder requirements, if not a universal mandate.

April 12, 2010
Business, Fuel

Gas Gains 3.8¢ to $2.85, Lundberg Survey Says

Regular gasoline’s national average rose 3.8 cents over the past three weeks, to $2.85 a gallon, according to the latest Lundberg Survey of fuel prices released Sunday.

April 12, 2010
Business

National Guard Training Soldiers to Become Future Truck Drivers

The U.S. National Guard is ramping up its truck driver training program, which could help ease long-term driver shortages. 

April 12, 2010
Business

Freight Volumes Rising For Railroads, Truckers

Freight volumes for railroads and motor carriers rebounded as the first quarter drew to a close, industry trade groups said.

April 12, 2010
Government, Business, Technology, Equipment

U.S. Issues Final EOBR Rule

The Federal Motor Carrier Safety Administration last week issued a rule that could require as many as 5,700 trucking fleets to use electronic onboard recorders to monitor drivers’ hours by lowering the threshold for violations that trigger the EOBR mandate.

April 12, 2010
Business

Better Economy May Lead to More Mergers, Acquisitions, Transportation Analysts Say

An improving economy could kick-start the pace of mergers and acquisitions in the months ahead, after a moribund 2009, when few deals took place, several transportation analysts said. 

April 12, 2010
Business

Trucking Jobs Increase Slightly During March, Labor Dept. Says

Trucking employment rose slightly during March, the U.S. Labor Department reported, amid growing signs that job growth could accelerate in months ahead as the United States emerges from the recession. 

April 12, 2010