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

New Orleans Port Operators Cut Hours

Both of the terminal operators at the Port of New Orleans have reduced their business hours in response to the economic recession and reduced shipping, the Times-Picayune reported.

July 27, 2009
Business

TNT Profit Falls 60%

TNT NV, Europe’s second largest post company, said its second-quarter earnings declined to about $115 million, from about $292 million a year earlier.

July 27, 2009
Business

Navistar Engineering VP Leaves Company

Helmut Endres, vice president of engineering for Navistar Inc.’s engine group, has left the company, the truck and engine maker told Transport Topics on July 23.

July 27, 2009
Business, Technology, Equipment, Safety

Iteris’ Income Falls for Fiscal 1Q

Iteris Inc., which makes lane-departure warning systems for the trucking industry, said Thursday its fiscal first-quarter profit decreased from a year ago.

July 27, 2009
Editorial, Business, Fuel, Government

Fuel Price Honeymoon

Our latest little honeymoon with fuel prices likely will end soon, as recent increases in the cost of crude oil work their way down to the retail pump.

July 27, 2009
Letters to the Editor, Business, Government, Safety, Equipment

Letters: Nitrogen in Tires, Brokers Revisited, Impossibly Low Rates, California Reefers, It’s All About Freight, Squeaky Wheels

In reference to the story, “Safeway Fleet Set to Fill Tires With Nitrogen,” which appeared July 6 on p. 8, I have been using nitrogen in my fleet since 2005. We have noticed that the tires stay at a constant pressure, and we have been able to get well over 250,000 miles out of our drive tires and 150,000 miles out of our steer tires.

July 27, 2009
Business, Safety, Government

Virginia Closes 18 Rest Stops

The Virginia Department of Transportation closed 18 rest stops last week, despite an effort by U.S. Rep. Frank Wolf (R-Va.) to amend federal law to allow the state to commercialize the rest areas.

July 27, 2009
Business, Government, Safety, Fuel, Logistics

Standards Body Passes on ‘Hot’ Fuel Rule

Trucking groups hailed the decision by the National Conference on Weights and Measures not to proceed with proposals to regulate the temperature of retail fuel at the pump.

July 27, 2009
Business, Government, Fuel

Wal-Mart, UPS to Expand Carbon-Emissions Reporting

Wal-Mart Stores and UPS Inc. have separately pledged to support enterprise-wide reporting of greenhouse gas emissions, underscoring the emerging relevance of the carbon accounting field to motor carriers.

July 27, 2009
Business, Government, Safety, Logistics

NHTSA Issues Rule to Cut Truck Stopping Distance by 30%

The National Highway Traffic Safety Administration will require a cut of 30% in the allowable stopping distance for the majority of new trucks beginning in 2011, the agency said Friday.

July 27, 2009