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, Safety

Senate Panel OKs Nomination of Ferro to Lead FMCSA

The Senate Commerce, Science and Transportation Committee last week approved Anne Ferro to lead the Federal Motor Carrier Safety Administration.

November 2, 2009
Business, Fuel, Safety, Government

Cap-and-Trade Would Be Costly for Trucking, ATA Official Windsor Warns at Hearing

WASHINGTON — A cap-and-trade climate bill would dramatically increase the cost of diesel fuel by as much as 88 cents a gallon, an American Trucking Associations official told a Senate committee last week.

November 2, 2009
Government, Business, Safety

DOT to Rewrite HOS Rule After Groups Suspend Suit

The Department of Transportation last week said it will withdraw its controversial driver hours-of-service rule and write new regulations as part of a deal in which a coalition of advocacy groups agreed to suspend its federal lawsuit challenging the rule.

November 2, 2009
Business, Safety, Government

Freight Trade Groups to Gather in Anaheim for TransComp, IANA’s Intermodal Expo

Three freight trade groups will gather Nov. 15-17 in Anaheim, Calif., in search of fresh perspectives on key transportation industry issues, including financial, economic and market conditions.

November 2, 2009
Business, Government, Safety

Volvo Merges N. American Units; Mack, VTNA Brands to Remain

AB Volvo said that it is reorganizing its North American truck business by combining its two brands —Volvo Trucks North America and Mack Trucks — into a single new entity called North American Trucks.

November 2, 2009
Business, Logistics, Fuel, Government

Diesel Jumps 9.6¢ to $2.801

U.S. diesel prices continued to surge as the national average rose another 9.6 cents a gallon to $2.801 last week, the highest level in nearly a year, the Department of Energy said.

November 2, 2009
Business, Government, Safety

Bill to Offer Incentives to States That Ban Texting While Driving

WASHINGTON — Several senators introduced legislation last week that would offer incentives to states that ban texting while driving, an issue Transportation Secretary Ray LaHood said has become his cause.

November 2, 2009
Business, Government, Safety

Congress Votes to Extend Transportation Funding

Both houses of Congress  on Oct. 29 approved a second continuing resolution that would continue to fund the nation’s surface transportation programs until mid-December.

November 2, 2009
Business, Safety, Government, Autonomous

Truck Tonnage Dips in Sept., but Economy Shows Gains

The freight recovery paused in September as American Trucking Associations’ tonnage index dipped 0.3% from the month be-fore after recording larger gains in July and August.

November 2, 2009
Business, Government, Safety

TWIC Running Smoothly at U.S. Ports Despite Initial Glitches, Officials Say

After several initial delays and glitches, freight hauling and government officials say the Transportation Worker Identification Credential program is moving along smoothly at U.S. ports, and they project additional security measures could be incorporated in coming years.

November 2, 2009