Business
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.
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, 2009Fueling 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, 2009Diesel 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, 2009Kenworth, 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, 2009YRC 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, 2009Werner’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, 2009Senate 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, 2009Celadon 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, 2009Rail, 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, 2009Forward 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