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.

Government, Business

Personal Spending Rises 0.2% in July

Consumer personal spending rose 0.2% in July, while prices rose by the most in 17 years, the Commerce Department said Friday.

August 29, 2008
Business, Fuel, Safety, Government

DOT Won’t Block DHL-UPS Air Deal

Transportation Secretary Mary Peters told Ohio Gov. Ted Strickland (D) she does not believe the plan by DHL Express to use UPS Inc. for its U.S. air cargo operations constitutes unfair competition.

August 29, 2008
Business, Safety

Intermodal Traffic Drops for Week

Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.

August 29, 2008
Business, Safety, Autonomous

Truck Tonnage Gains 4.4% in July

Truck tonnage jumped 4.4% in July from a year earlier, marking the eighth straight year-over-year increase, American Trucking Associations said.

August 28, 2008
Business, Safety, Government

NAFTA Surface Trade Jumps 6.6%

Surface trade among the United States, Canada and Mexico jumped 6.6% in June from a year ago, the Department of Transportation said Thursday.

August 28, 2008
Government, Business, Equipment

ArvinMeritor Dedicates Mexico Plant

Truck components maker ArvinMeritor Inc. said it dedicated a new $30 million manufacturing facility in northern Mexico for trucks built in the United States and Canada.

August 28, 2008
Business, Fuel, Government, Autonomous

China’s Largest Truck Company’s Profit Rises 40%

China’s largest truck maker, Sinotruk, boosted a first-half profit 40% as consumers rushed to buy vehicles before the introduction of a new emissions regulation, Bloomberg reported Thursday.

August 28, 2008
Business

Jobless Claims Fall for Third Week

Initial jobless claims fell for a third straight week, the Labor Department said Thursday.

August 28, 2008
Business, Safety

Missouri Sets Some Left-Lane Restrictions

Beginning Thursday, Missouri will ban big rigs from driving in the left lane of highways with three or more lanes in a single direction, the Kansas City Star reported.

August 28, 2008
Government, Business, Safety, Autonomous

Editorial: Truck Driver Appreciation

A good rule of thumb is that you cannot appreciate truck drivers too much. But we’re convinced that expression of admiration for what America’s 3.5 million professional drivers accomplish on a daily basis carries a certain value.

August 27, 2008