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.
Crane Worldwide Announces Four Acquisitions
Crane Worldwide Logistics said it has completed four acquisitions expanding its freight management and contract logistics services in Asia, Europe, and Latin America.
November 24, 2008Navistar Set to Use Credits to Meet 2010 EPA Standards
Navistar International Corp. will use federal emission credits to enable its new Class 8 engine to meet 2010 federal emission standards, although the engine could be set up to comply with the regulation without the credits, a Navistar executive said.
November 24, 2008Carriers, Shippers Eye Federal Spending to Boost Economy and Fix Infrastructure
FORT LAUDERDALE, Fla. — Shippers, carriers and analysts meeting here agreed that the nation’s contracting economy is hurting freight transportation badly, but said they were hopeful the government would agree to critical transportation infrastructure improvements, financed by higher taxes.
November 24, 2008October Class 8 Sales Rise Slightly, But New Orders Tumble
U.S. Class 8 truck sales rose slightly in October, while the total number of vehicles sold over the first 10 months of 2008 still was 14.4% below 2007’s anemic levels, according to data from WardsAuto.com.
November 24, 2008FMCSA Reissues Hours-of-Service Rule
The Federal Motor Carrier Safety Administration last week published its latest version of changes to the 60-year-old regulation governing commercial driver work rules.
November 24, 2008Fuel Prices Continue Steep Slide
The average price of U.S. retail diesel fuel continued to slide last week, falling 13.5 cents a gallon to a 17-month low of $2.809, the Department of Energy reported.
November 24, 2008Saia Makes Warning System Standard on New Trucks
Less-than-truckload carrier Saia Inc. said it will make lane departure warning systems standard for all new tractors.
November 21, 2008ABF to Buy SCR Trucks for 2010, Exec Says
FORT LAUDERDALE, Fla. — ABF Freight System will use diesel engines with selective catalytic reduction technology starting in 2010, but the less-than-truckload carrier has not decided upon the truck maker it will use.
November 21, 2008Wal-Mart Names New CEO
Wal-Mart Stores Friday said its chief executive officer will retire in February and be replaced by the head of its international division, the Associated Press reported.
November 21, 2008Obama Names DOT Transition Team
President-elect Barack Obama has named a five-person group to oversee the transition for the Department of Transportation.
November 21, 2008