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.
Truck Driver Appreciation Week Is Under Way
The annual National Truck Driver Association Week began Sunday and will run through Saturday, American Trucking Associations said.
August 25, 2008Heritage Transport’s Dennis Shirar Is Truck Driving Grand Champion
Dennis Shirar, a driver with Indianapolis-based Heritage Transport who has driven 3 million accident-free miles, was named the 2008 National Truck Driving Grand Champion, American Trucking Associations said.
August 25, 2008UPS Freight Improves Transit Times
UPS Inc.’s less-than-truckload unit UPS Freight said Monday it has improved transit times on more than 1,200 traffic lanes in the Midwest, Northeast and Mid-Atlantic regions.
August 25, 2008Existing Home Sales Rise 3.1%
Existing homes sales rose 3.1% in July, the National Association of Realtors said Monday.
August 25, 2008Cummins Adds to Market Share in 2008 as Caterpillar’s Engine Sales Decline
Independent engine manufacturer Cummins Inc. continued increasing its market share in heavy-duty engines during the first half of 2008, while sales by competitor Caterpillar Inc. dwindled, WardsAuto.com reported.
August 25, 2008Oil Rises Above $115 Following Big Drop Friday
Oil rose slightly in early trading Monday following a big drop Friday to below $115 a barrel, Bloomberg reported.
August 25, 2008Carriers Expect Weak Volume During Usually Strong Season
Freight carriers are preparing for a relatively weak peak shipping season this year as major retailers react to sluggish economic growth by cutting back on imports and reducing the volume of goods that typically move by truck and rail during what is usually the busiest shipping period in the third and fourth quarters.
August 25, 2008Class 8 Fleet Growth Stagnant In 2nd Quarter, Polk Reports
Growth in the nation’s fleet of Class 8 trucks ground to a halt during the second quarter, as U.S. registrations for vehicles in operation rose by just 0.75%, according to R.L. Polk & Co.
August 25, 2008Rising Transport Costs Push Shippers to Reshape Packaging
Whether the product is laundry detergent or basketballs or almost anything else, changing the way things are packaged to make the most out of a trailer’s space is introducing a little-noticed structural change to the trucking industry.
August 25, 2008Diesel Falls to 3-Month Low
The U.S. retail diesel average fell another 14.6 cents to $4.207 a gallon last week, extending the most pronounced drop in two years to a fifth consecutive week, the Department of Energy reported.
August 25, 2008