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, Equipment, Technology, Safety

Eaton Gets $45 Million Grant to Provide Plug-in Hybrid Systems for Class 5 Trucks

Truck component maker Eaton Corp. said that it would provide the electric power systems for 378 Class 5 electric hybrid plug-in vehicles under a federal grant, which it called the “largest commercial hybrid deployment” ever.

August 24, 2009
Business

Teamsters Send Ballots to YRC’s New Penn

The Teamsters sent new ballots to union workers at the New Penn regional trucking unit of YRC Worldwide Inc. who last month voted down a second round of pay and benefit cuts.

August 24, 2009
Business, Government, Safety, Fuel

Biodiesel Production to Drop by 50%, Analysts Predict

U.S. biodiesel production has been rocketing upward in each of the past 10 years and reached 690 million gallons last year, but industry officials and analysts said it would drop this year by half to 350 million gallons or as low as 250 million gallons.

August 24, 2009
Business, Government, Safety, Fuel

Key Ports Appeal to Congress for Power to Regulate Trucks

The battle over how to best accomplish clean-truck programs for drayage fleets has moved from California ports and courtrooms to the halls of Congress.

August 24, 2009
Business, Equipment

July Truck Sales Fall 32.9%

U.S. Class 8 retail sales fell for the seventh consecutive month — this time by 32.9%, WardsAuto.com reported, and a market forecaster predicted that no substantial change is likely until the second half of next year.

August 24, 2009
Business, Government, Safety, Logistics

Friendships Grow as NTDC Gets Under Way

PITTSBURGH — Day-to-day on the job, driving a truck is a mostly solitary occupation, which explains in part why the National Truck Driving Championships attract so many repeat contestants, coming back year after year to rub shoulders with other top drivers from around the country, as well as to carry on their quest for a trophy.

August 24, 2009
Business, Fuel, Government

Diesel Price Rises 2.7¢ to $2.652 in Fourth Consecutive Increase

Diesel prices rose for a fourth straight week, gaining 2.7 cents to its highest price in nine months, $2.652 a gallon, the Department of Energy said Aug. 17.

August 24, 2009
Business, Logistics

Existing Home Sales Hit Two-Year High

Existing homes sales jumped to a two-year high in July, the National Association of Realtors said Thursday.

August 21, 2009
Business, Fuel, Government

Oil Prices Hit Year’s High

Oil prices reached their highest level this year Friday as rising equity markets fueled speculation that the world economy is improving, Bloomberg reported.

August 21, 2009
Business, Safety, Government

Intermodal, Rail Traffic Drop for Week

Intermodal rail traffic in the United States fell 18.4% last week compared with the same week last year, the Association of American Railroads said.

August 21, 2009