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, Safety

Manufacturers Ask Obama to Extend $5 Bln. Program to All Parts Suppliers

The Motor & Equipment Manufacturers Association and its affiliated associations, including the Heavy Duty Manufacturers Association, have asked President Obama to immediately extend the $5 billion parts supplier program to all parts suppliers, including those serving heavy-duty trucking.

September 14, 2009
Business, Government

DOT Report on Safety of Mexican Trucks Says Out-of-Service Rates Similar to U.S.

A review of U.S. efforts to ensure the safety of Mexican trucks crossing the border said the trucks’ out-of-service rates were similar to those of U.S. trucks, but it raised concerns about how traffic violations by Mexican drivers are reported and data on Mexican carriers are maintained.

September 14, 2009
Business, Safety, Government

Economy, Environment Focus of CSCMP at Annual Global Conference in Chicago

Global economic and environmental challenges, upgrading transportation infrastructure and improving business performance are some of the major issues on the agenda at the Council of Supply Chain Management Professionals’ annual conference Sept. 20-23 in Chicago.

September 14, 2009
Business, Safety, Government

DOT Provides Software to Transfer Freight Data

The Department of Transportation is distributing free software the agency said will help create a central Web portal through which shippers, carriers and third parties can automatically exchange data about freight movements.

September 14, 2009
Business, Fuel, Government

Diesel Average Dips 2.7¢

The average retail price of U.S. diesel dipped 2.7 cents to $2.647 a gallon, breaking a string of six small weekly increases that began in mid-July, the U.S. Department of Energy reported.

September 14, 2009
Business, Government, Safety

Highway Bill Prospects Are Dim As Congress Returns to Session

When Congress went back into session last week, the prospects for passing a long-term highway bill appeared to be dimming as other issues continued to dominate the legislative agenda.

September 14, 2009
Business, Government, Safety, Equipment

Obama Faces Sept. 17 Deadline for Tariffs on Small Vehicle Tires Imported From China

President Obama must decide by Sept. 17 whether to accept the recommendation of the U.S. International Trade Commission to impose tariffs on passenger and light-truck tires made in China, the second-largest U.S. trading partner.

September 14, 2009
Business, Fuel

Navistar Has $12 Mln. Loss

Navistar International Corp. reported a $12 million loss in its fiscal third quarter, but top executive Daniel Ustian said he expects modest improvement in truck orders this quarter and next year, fueled by major fleets’ purchases.

September 14, 2009
Business

FedEx Says 1Q Profit Will Exceed Forecast

FedEx Corp. said that its first-quarter profit will be 58 cents per share, higher than the guidance it had previously announced, Bloomberg reported.

September 11, 2009
Business, Government

Wholesale Inventories Fall for Record Eleventh Month

Wholesale inventories fell in July for the eleventh consecutive month, the Commerce Department said Friday.

September 11, 2009