Business
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.
Calif. Ports Worry New Rules Could Lead to Fewer Trucks
Beginning Jan. 1, officials at the Southern California sister ports of Los Angeles and Long Beach will face yet another challenge as they begin the second phase of their clean trucks plans: fewer trucks.
December 21, 2009Class 8 Truck Sales Slide Slows
The steep, yearlong decline in heavy-duty U.S. truck sales slowed to 16.4% below the 2008 level in November, or nearly half as much as the 11-month fall of 31%, according to the latest survey by WardsAuto.com.
December 21, 2009Senate Committee Approves Rail Legislation Aimed at Increasing Competition on Rates
The Senate Commerce Committee, in a bid to foster more rail competition, unanimously approved the first comprehensive rail policy legislation changes in nearly three decades on Dec. 17.
December 21, 2009DOT to Publish Regulation to Ban Texting by Truckers in Near Future, LaHood Says
WASHINGTON — Transportation Secretary Ray LaHood said work on a regulation that would ban texting by commercial drivers will be finished in the near future.
December 21, 2009Diesel Declines 2.4¢ to $2.748, But Is 32.6¢ Above Year Ago
U.S. retail diesel prices dipped for the sixth straight week as the national average declined 2.4 cents to $2.748 a gallon, the Department of Energy reported.
December 21, 2009FedEx’s Quarterly Profits Drop
Net income and revenue declined at FedEx Corp. for its fiscal second quarter ended Nov. 30, but executives said improvements in recent volume trends and the global economy are reasons for optimism.
December 21, 2009Big Winter Storm Moves Toward Mid-Atlantic, Northeast
Much of the mid-Atlantic region was put under a winter storm warning Friday as officials predicted up that up to 18 inches of snow would fall in some places this weekend.
December 18, 2009Intermodal Traffic Decreases for Week
U.S. intermodal rail traffic dropped 3% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.
December 18, 2009Opinion: Managing Hidden Fuel Surcharge Costs
One silver lining in the financial storm of the past year or so had been a steep decline in the price of oil generally and diesel fuel in particular.
December 18, 2009YRC Extends Debt-Equity Exchange Offer to Dec. 23
YRC Worldwide has extended its debt-for-equity exchange offer to Dec. 23 and amended the terms.
December 17, 2009