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

Consumer Prices Rise 0.4% in February

Consumer prices rose more than forecast in gaining 0.4% in February, the Labor Department said Wednesday.

March 18, 2009
Business, Government

Consumer Prices Rise 0.4% in February

Consumer prices rose more than forecast in gaining 0.4% in February, the Labor Department said Wednesday.

March 18, 2009
Business

MAN Completes VW Truck Acquisition in Brazil

German truck maker MAN AG said Tuesday it has completed its acquisition of VW Truck & Bus in Brazil, making MAN on a leader in the Brazilian commercial vehicle market.

March 17, 2009
Government, Business, Fuel, Logistics

Diesel Falls 2.8¢ to $2.017

Diesel fuel fell 2.8 cents to a $2.017 per-gallon national average, the lowest price in more than four years, the Department of Energy said.

March 17, 2009
Business, Government

Mexico Plans Tariffs in Cross-Border Trucking Dispute

Mexico plans to put tariffs on about 90 U.S. industrial and agricultural products in retaliation for a U.S. decision to cancel a pilot cross-border trucking program between the two countries, news services reported.

March 17, 2009
Business

E&MU: Incentives Scarce Despite Slow Sales

By all indications, it’s going to be a lousy year for equipment sales. Sales of heavy-duty trucks hit a 16-year low in 2008, and this year could be even worse as freight carriers cut back on capacity in response to a steep drop in demand for shipping.

March 17, 2009
Business, Safety, Government

LaHood Says DOT Working to Expedite Stimulus Projects

The Department of Transportation is moving quickly to use economic stimulus funds to improve infrastructure, Transportation Secretary Ray LaHood said Tuesday.

March 17, 2009
Business, Government

Caterpillar Sets 2,400 Layoffs in Three States

Caterpillar Inc. said Tuesday it will lay off more than 2,400 employees at five plants in three states as the heavy equipment maker continues to cut costs amid the economic downturn, the Associated Press reported.

March 17, 2009
Business, Government, Safety

Intermodal Success Requires Education, Enhanced Marketing, Fleet Execs Say

ORLANDO, Fla. — For truckers, there is a lot more to intermodal than simply tying a trailer down on a train, industry experts said.

March 17, 2009
Government, Business, Safety

ATA Warns Against Closing Va. Rest Areas

American Trucking Associations Monday warned against Virginia's proposal to close 25 of its 42 rest areas, saying that the move would be dangerous for all drivers.

March 17, 2009