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.

Letters to the Editor, Business, Government, Safety, Fuel

Letters: Rooftop Snow, ATA Couple Retires, Fuel Prices, Those Railroad Ads, SCR Details

Forget about getting truck drivers to remove snow and ice from trailer rooftops. For one, many drivers cannot even walk across the parking lot, let alone be expected to somehow get on top of a trailer roof.

March 16, 2009
Editorial, Government, Business, Safety

Hours Rule Meets ‘Groundhog Day’

In a scenario eerily reminiscent of the Bill Murray movie “Groundhog Day,” a coalition of interest groups has again launched a formal legal challenge to the government’s hours-of-service rules for commercial drivers.

March 16, 2009
Business

February Truck Layoffs Hit 33,400; Jobs at Lowest Level Since ’96

Job losses in the trucking sector continued to mount in February as trucking firms had the most layoffs in history for a month without strikes.

March 16, 2009
Business, Safety

Trucking to Grow 26% Over the Next Decade

Despite the current economic climate, the nation’s freight pool is likely to grow 26% over the next 11 years, meaning the long-term outlook for all haulers is bright, according to a new American Trucking Associations report.

March 16, 2009
Government, Business, Safety

Obama Signs Law Ending Mexican Truck Plan but Seeks New Legislation to Open Border

President Obama signed legislation last week that killed the Transportation Department’s controversial test of longhaul cross-border trucking with Mexico, but the administration signaled it was open to resurrecting a program in the future.

March 16, 2009
Business

Navistar Posts Profit in 1Q

Navistar International Corp. made money during the three months ended Jan. 31, but Volvo AB reported a loss for the fourth quarter last year, the two original equipment manufacturers said last week.

March 16, 2009
Government, Business, Safety

Card-Check Fight Begins in Congress

Democratic leaders in the House and Senate last week formally introduced the Employee Free Choice Act, the first shot in what is expected to be a fierce battle between organized labor and the business community, including American Trucking Associations.

March 16, 2009
Government, Business, Fuel

TCA Supports Fuel Tax Increase to Fund Highway Improvements

ORLANDO, Fla. — The Truckload Carriers Association has decided for the first time to support a fuel tax increase as a preferred method of highway funding.

March 16, 2009
Fuel, Business, Government

Diesel Declines 4.2¢ to $2.045; Gas Rises

The U.S. retail diesel fuel average dropped 4.2 cents last week to $2.045 a gallon, as the price in the Midwest fell below $2, the first time that has occurred anywhere in more than four years, the Department of Energy reported.

March 16, 2009
Government, Business, Safety

Sabo Seeks to Expand Council’s Reach

The new chairman of the Technology & Maintenance Council, Steph Sabo, said that during his term, his top priority will be reaching out to segments of the trucking industry that aren’t familiar with the group in hopes of signing up new members.

March 16, 2009