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, Technology, Autonomous

Oregon County Using Cameras to Monitor Truckers’ Seat-Belt Use

The Clackamas County, Ore., sheriff’s office is using high-tech cameras to catch truck drivers who don’t buckle up, the Oregonian newspaper reported Tuesday.

September 16, 2008
Business

Fed Keeps Key Interest Rate at 2%

The Federal Reserve voted Tuesday for a third straight time to hold a key U.S. interest rate at 2%.

September 16, 2008
Fuel, Business, Logistics, Government

Diesel Drops 3.6¢ to $4.023; Gasoline Jumps 18.7¢ to $3.835

Despite a major hurricane on Texas’ Gulf Coast this weekend, diesel fuel’s national average price fell for the ninth straight week, dropping 3.6 cents to $4.023 a gallon, but gasoline’s average jumped 18.7 cents, the Department of Energy said Monday.

September 16, 2008
Business, Government

Consumer Price Index Falls for First Time in Two Years

Consumer prices fell in August for the first time in almost two years, the Labor Department said Tuesday.

September 16, 2008
Business, Fuel, Government

Oil Continues to Fall; DOE Approves Some SPR Releases

Oil prices continued to fall Tuesday, dropping below $92 a barrel in early trading, while Department of Energy approved oil releases from the Strategic Petroleum Reserve to help refineries left with supply shortages due to Hurricane Ike, Bloomberg reported.

September 16, 2008
Business, Government, Safety, Technology, Equipment

PeopleNet’s eDriver Logs to Integrate with McLeod’s LoadMaster Software

PeopleNet, which provides onboard communications and fleet management systems, said Monday it is integrating its eDriver Logs automated driver log application with LoadMaster dispatch and enterprise software from McLeod Software.

September 15, 2008
Business, Government, Safety, Logistics

EPA Allows California to Require On-Board Diagnostics in 2010

In a sweeping decision with possible national implications, the Environmental Protection Agency has granted California a waiver that will allow state environmental regulators to implement stringent new heavy-duty vehicle and engine onboard diagnostics requirements for 2010 engines and beyond.

September 15, 2008
Fuel, Business, Government

EU Sets 10% Biofuels Requirement

The European Parliament’s energy committee voted to require that at least 10% of road transport fuel in 2020 come from renewable sources led by biofuels, while adding checks to prevent food shortages, Bloomberg reported.

September 15, 2008
Business, Technology, Equipment, Safety

ABF Expands Delivery Services Via Regional Network

ABF Freight System Monday said it has set faster transit times in more than 24,000 station-to-station lanes including 1,300 new next-day lanes and 21,000 new second-day lanes.

September 15, 2008
Business

Industrial Production Declines in August

U.S. industrial production fell 1.1% in August, the Federal Reserve said Monday.

September 15, 2008