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

U.S. Industry Shipped 13 Billion Tons of Goods in 2007

U.S. industry shipped 13 billion tons of goods valued at almost $12 trillion in 2007, according to preliminary figures released Tuesday by the Department of Transportation and the Census Bureau.

December 9, 2008
Fuel, Business, Logistics, Government

Diesel Drops a Dime to $2.515; Gas Near 5-Year Low at $1.699

Diesel fuel’s national average price fell by a dime to $2.515 a gallon, while gasoline fell 11.2 cents to near a five-year low, the Department of Energy said Monday.

December 9, 2008
Business, Government, Safety

ATA, Codega Produce Safety Video Program for Drivers

American Trucking Associations and Codega LLC have introduced a program to educate new truck drivers, focusing on safety concepts, rules and practices.

December 9, 2008
Business, Government, Safety, Fuel

Navistar Says ‘Coalition’ Grows To Ease 2010 Emissions Rule

A Navistar Inc. spokesman said that a “coalition is building” around the company’s call to the incoming Obama administration to ease 2010 emissions mandates, but the Environmental Protection Agency said its tightened standards would go into effect without delays.

December 8, 2008
Government, Business, Safety

Long Beach Port Delays Container Fee

Commissioners at the Port of Long Beach, Calif., on Dec. 1 voted to delay collection of an infrastructure cargo-container fee for at least six months.

December 8, 2008
Business, Equipment

Celadon Group Buys Continental Express

Truckload carrier Celadon Group said it paid $24 million to acquire the truckload, intermodal and brokerage businesses of Continental Express.

December 8, 2008
Business, Safety, Government

Patriot’s Fiscal 4Q Income Rises

Tank and bulk carrier Patriot Transportation Holding earned $3.2 million, or $1.02 a share, in its fiscal fourth quarter, up from $2.3 million, or 74 cents, in the 2007 quarter.

December 8, 2008
Government, Business, Safety, Fuel

E&MU: Warming to Global Engines

Volvo AB and Daimler AG are producing global heavy-duty engine platforms for use in North America, Europe and Asia, and other manufacturers plan to introduce their own versions, pushed by converging emission regulations, the need to reduce research and development costs and to take advantage of economies of scale, according to industry analysts and executives.

December 8, 2008
Business, Logistics, Government

Gasoline Drops 22¢ Over Two Weeks to $1.75 a Gallon, Lundberg Says

The national average price of regular gasoline plunged another 22 cents in the two weeks ended Friday, to $1.75 a gallon, the lowest price in almost five years, according to the latest Lundberg Survey of filling stations released Sunday.

December 8, 2008
Government, Business, Safety, Logistics

FedEx Sets 5.7% LTL Rate Increase

FedEx Corp.’s less-than-truckload units FedEx Freight and FedEx National LTL have each set a 5.7% general rate increase, effective Jan. 5.

December 8, 2008