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.
Annual Truck Sales Drop 11.6%
U.S. heavy-duty truck sales hit their lowest level in 16 years during 2008, falling for the second straight year, even though they made a modest recovery after hitting bottom in May.
January 19, 2009Continued Growth of Multi-mode Transport Spurs Information Technology Systems
The information systems that support intermodal trucking companies are much like the business of intermodalism itself: complex, multi-headed and increasingly important to motor carriers.
January 19, 2009Diesel Average Rises 2.3¢
The average price of U.S. retail diesel fuel rose last week for the first time in more than three months, inching up 2.3 cents a gallon to $2.314, the Department of Energy reported.
January 19, 2009Oil Closes Week Below $37 a Barrel
Crude oil rose more than $1 Friday but closed the week below $37 a barrel, Bloomberg reported.
January 16, 2009EPA Pick Is ‘Open’ to Carbon Tax
U.S. Environmental Protection Agency Administrator-designate Lisa Jackson said she was “open to discussion” of a carbon tax to limit greenhouse gas emissions and would immediately begin a review of the Bush administration’s denial of California’s request to regulate those emissions from automobiles.
January 16, 2009California May Halt Use of Digital Billboards
A California legislator has introduced a bill to put a moratorium on digital advertising displays on highways until studies determine whether the billboards are safe.
January 16, 2009Anything Trucker Creates Online LTL Load Board
Anything Trucker, an Internet retailer of truck and trailer accessories, said Jan. 5 it had launched the Freight Auction Network for less-than-truckload carriers.
January 16, 2009Highways, Bridges Slated for $30 Billion Under Stimulus Plan
Road projects, railroads and airports would get almost $44 billion over two years under a proposed stimulus plan, with about $30 billion slated for highways and bridges, Bloomberg reported Thursday.
January 16, 2009Cold Weather Causing More Biodiesel Problems in Minn.
The Bloomington, Minn., School District closed all of its schools Thursday because biodiesel fuel gelled and clogged in the district's buses, the Minneapolis-St. Paul Star-Tribune reported.
January 16, 2009Industrial Production Drops 2% in December
U.S. industrial production plunged 2% in December, the Federal Reserve said Friday, while automobile output fell to the lowest level in 25 years.
January 16, 2009