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.

Fuel, Business, Logistics, Government

Diesel Falls Again, Dropping 14.2¢ to $4.207 a Gallon

Diesel fuel’s national average retail price fell for the fifth straight week Monday, plunging 14.2 cents to $4.207 a gallon, the Department of Energy said Monday.

August 19, 2008
Business, Safety

Inspectors to Face Their Own Challenges at Truck Driving Championships

A total of 54 award-winning commercial truck and bus roadside inspectors are scheduled to compete at the 2008 North American Inspectors Championship, set for Aug. 18-24 in Houston.

August 19, 2008
Fuel, Business, Safety, Government, Equipment

Westport Begins Trading on Nasdaq

Westport Innovations, which makes alternative fuel transportation technologies, said Monday it has begun trading on the Nasdaq stock market.

August 18, 2008
Business, Fuel, Government

UPS Expands Domestic Air Service

UPS Inc. said Monday it is offering “significant enhancements” to domestic on-call pickup service in for air packages.

August 18, 2008
Government, Business, Safety, Fuel

Sept. 8 Hearing Set for ATA Suit on Calif. Ports’ Clean Truck Plan

American Trucking Associations said the U.S. District Court of Los Angeles has set a Sept. 8 hearing date on ATA’s motion for preliminary injunction on the harbor commissions of the ports of Los Angeles and Long Beach, Calif.

August 18, 2008
Fuel, Business, Logistics, Government

Editorial: Fuel Prices Power Technology

We’ve now had four reasonably sharp weekly declines in the national average price of diesel fuel. While retail prices have dropped more than 41 cents a gallon over that span, the average is still astronomically high — $1.506 more than the average one year ago.

August 18, 2008
Business, Government

S.C. to Use Sensors to Monitor Bridges

Remote sensors will be installed on bridges on two main South Carolina highways, allowing officials in Columbia to monitor the bridges’ condition, the Associated Press reported.

August 18, 2008
Business, Fuel

N.C. Ethanol Plant to Open Next Year

A $100 million ethanol plant built by a company that also plans to invest in a carbon dioxide plant and a trucking company and is scheduled to open in North Carolina next year, the Associated Press reported.

August 18, 2008
Business, Fuel, Equipment

Cummins Reverses Course, Will Use SCR for 2010 Engines

Engine manufacturer Cummins Inc. last week reversed its decision to use only exhaust-gas recirculation to meet 2010 emission standards and said it would instead use urea-based selective catalytic reduction to cut the new engines’ fuel consumption.

August 18, 2008
Business, Safety, Government

Truck-Crash Deaths Fall 4%

The number of Americans killed in truck-related crashes fell 4.4% to 4,808 last year, the lowest total in 15 years, the Department of Transportation said last week.

August 18, 2008