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

Optimism Grows Among Fleet Owners about Economic Recovery, Survey Finds

Fleets are becoming more optimistic about a trucking recovery in the next 12 months, but carriers said the current market still is plagued by freight rates that are scraping the bottom.

June 15, 2009
Business, Fuel, Safety, Government

Hodges Says Cap-and-Trade Plan Threatens Trucking’s Viability

A House cap-and-trade energy bill would “add another layer of volatility” to the already erratic price of diesel fuel that could jeopardize the economic viability of trucking companies, Tommy Hodges, first vice chairman of American Trucking Associations, said last week.

June 15, 2009
Business, Safety, Government

Coalition Urges Congress to Curb Oil Speculation

A coalition of industry groups including American Trucking Associations petitioned congressional leaders to pass legislation to rein in “excessive speculation and opaque trading activity” in oil markets.

June 15, 2009
Business, Government, Safety

Teamsters Considering Reopening Labor Deal With YRC to Help Carrier Conserve Cash

The Teamsters union, which already has agreed to pay cuts for workers it represents at YRC Worldwide Inc., said it is considering whether to reopen its labor contract to help the less-than-truckload carrier conserve cash.

June 15, 2009
Business, Safety, Government

ATA Calls for Federal Action on Highway Safety Agenda

WASHINGTON — American Trucking Associations has called on Congress and the Department of Transportation to back an 18-point plan to reduce truck-involved crashes, with a particular emphasis on driver behavior.

June 15, 2009
Business, Fuel

Freightliner Displays SCR Engine Technology for Customers at Tennessee Truck Dealership

MEMPHIS, Tenn. — Freightliner dealer TAG Truck Center held an open house here for customers earlier this month to demonstrate a 2010 tractor that uses selective catalytic reduction and answer questions about the emission technology Freightliner will use to meet tougher emission standards.

June 15, 2009
Business

Job Cuts in Trucking Sector Slow in May To Lowest Total in 8 Months, Labor Says

The trucking industry lost 8,100 jobs in May, the lowest total in eight months and roughly half the number that were laid off in April, the Labor Department reported.

June 15, 2009
Business, Government, Safety

Stimulus Funds Move Unevenly

Federal funds to stimulate highway projects are moving in fits and starts through the bureaucratic funding pipeline, delivering new work for some fleets while others get no benefit from the $26.7 billion economic recovery effort.

June 15, 2009
Business, Government, Safety, Fuel

Navistar Says EPA Favored SCR by Setting Guideline Illegally

Truck and engine manufacturer Navistar Inc. last week leveled new allegations against the U.S. Environmental Protection Agency, accusing the federal regulator of privately and illegally giving its competitors the green light to deploy a selective catalyst reduction emission control technology that could be implemented only with an “illegal relaxation” of EPA’s 2010 nitrogen oxide emission standard.

June 15, 2009
Government, Business, Safety

Industry Supports Selection of Ferro to Lead FMCSA

Trucking industry groups closed ranks in support of Anne Ferro to head the Federal Motor Carrier Safety Administration, after the Teamsters union and a handful of advocacy groups said they opposed her nomination.

June 15, 2009