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, Safety, Government

LaHood Backs Partnerships, Tolls on New Highway Lanes

WASHINGTON — Ray LaHood, President Obama’s choice to lead the Department of Transportation, said tolls and public-private partnerships should be among the ways Congress funds infrastructure construction, but existing interstate highway lanes should remain toll-free.

January 26, 2009
Business, Fuel, Government

Fueling Station Operators Offer Few Details On How They Will Sell Diesel Exhaust Fluid

Most new heavy-duty trucks sold in the United States and Canada, beginning when 2010 models are introduced, will use selective catalytic reduction technology to cut emissions, which will require the addition of a new fluid to work properly. And truck stops throughout the nations are trying to prepare to meet the demand for this new product.

January 26, 2009
Fuel, Business, Government

Diesel Declines 1.8¢ to $2.296

The average retail price of diesel fuel remained relatively stable for a second week, dropping 1.8 cents to $2.296, the U.S. Department of Energy reported.

January 26, 2009
Business

Kenworth, Peterbilt Won’t Attend Mid-America

Paccar Inc. truck makers Peterbilt Motors Co. and Kenworth Truck Co. said they will not attend this year’s Mid-America Trucking Show, and instead will focus their marketing efforts on special events at their factories and dealerships.

January 25, 2009
Business, Safety, Government

YRC to Use Brand Name for Integrated Network

Less-than-truckload carrier YRC Worldwide said Friday that it will use its YRC brand name for its combined Yellow Transportation and Roadway network.

January 23, 2009
Business

Werner’s 4Q Profit Improves

Truckload carrier Werner Enterprises said its fourth-quarter profit rose 20% as it trimmed the size of its fleet to save money.

January 23, 2009
Business, Safety, Government

Senate Confirms DOT, EPA Cabinet Picks

The Senate Thursday confirmed President Obama’s picks to head the Department of Transportation and Environmental Protection Agency, the Associated Press reported.

January 23, 2009
Business

Celadon Reports Flat 2Q Income

Truckload carrier Celadon Group said its fiscal second-quarter profit was unchanged at $1.7 million, or 8 cents a share, from a year ago.

January 22, 2009
Business, Safety

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell for the week ended Jan. 17 from a year ago, the Association of American Railroads said.

January 22, 2009
Business, Fuel, Government

Forward Air Issues 4Q Profit Warning

Forward Air Corp. lowered its fourth-quarter earnings guidance, citing “severely worsening economic conditions” in the second half of the quarter.

January 22, 2009