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, Technology, Equipment, Safety

Navistar Acquires EGR Valve Technology

Navistar Inc. said Tuesday it has acquired some assets from Holley Performance Products, including intellectual property rights for valve technology used on exhaust gas recirculation systems.

January 19, 2010
Editorial, Business, Fuel, Safety, Government

Clearing Some Hot Air

An economist with lots of experience in freight transportation has some interesting things to say that directly challenge the railroad industry’s extensive advertising blitz apparently aimed at convincing Americans that their way is the green way.

January 18, 2010
Letters to the Editor, Business, Government, Safety, Logistics

Letters: Size & Weight, Carrier Rates

In the “Letters & Comments” section of your Jan. 4 issue, BNSF Railway Group Vice President Stephen Branscum sought to clarify a comment from a recent conference, published in a story in Transport Topics. In his letter, he cited as accurate “BNSF’s willingness to work with shippers and American Trucking Associations to develop progressive.

January 18, 2010
Business, Government, Safety

FMCSA Will Meet Deadline on Hours Rule, Ferro Says

WASHINGTON — Anne Ferro, head of the Federal Motor Carrier Safety Administration, told Transport Topics the agency was committed to meeting its deadline to revise the driver hours-of-service rule.

January 18, 2010
Business, Government, Safety, Fuel

Report Challenges Claims of Rail’s Fuel Efficiency

A new economist’s report challenges claims that trains are more fuel efficient than trucks and questions whether hauling more freight by rail actually improves air quality.

January 18, 2010
Business, Government, Safety

LaHood Sees Road Bill in 2010, but Funding Questions Remain

WASHINGTON — Transportation Secretary Ray LaHood said last week he expected the Obama administration and Congress would agree on a surface transportation bill that could be finalized before the end of the year.

January 18, 2010
Business, Government, Safety

DOT Backs Efforts of Nonprofit Group to Toughen Laws on Distracted Driving

WASHINGTON — As the Department of Transportation continues its push to reduce vehicle crashes related to distracted driving, Transportation Secretary Ray LaHood announced the agency was lending its support to a new nonprofit group modeled on other victims’ advocacy coalitions to pressure lawmakers to ban text messaging and other forms of distraction.

January 18, 2010
Business, Equipment

Arrow Trucking Files Chapter 7; Bank Claims Fraud by Officers

Arrow Trucking Co., the flatbed carrier that abruptly shut down last month, filed for Chapter 7 bankruptcy Jan. 8, and its principal bank lender filed a lawsuit charging Arrow’s officers with fraud that the bank alleges cost it $12.5 million.

January 18, 2010
Business, Government, Equipment

DTNA, Navistar Made More Trucks in Mexico than U.S., Canada During ’09 for First Time

Most of the Class 8 trucks sold in the United States last year by Daimler Trucks North America and Navistar Inc. were — for the first time ever — assembled in Mexico, both companies have acknowledged.

January 18, 2010
Business, Safety, Government

Oberstar Says Lack of Research Stalls Push for Heavier Trucks

WASHINGTON — The chairman of the House Transportation and Infrastructure Committee said he believes that a lack of good data on the effect of bigger trucks on the nation’s roadways has stalled any hope the trucking industry has of new legislation to change the current limits.

January 18, 2010