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, Safety, Government

28 Confident Rookies Among Drivers Heading to Houston for ‘Super Bowl of Safety’

Kenneth Grimmett has been driving heavy trucks down interstates for 14 years, but he’ll be a “rookie” later this week when he climbs inside the cab of a flatbed rig parked in the middle of the George R. Brown Convention Center in Houston.

August 18, 2008
Fuel, Business, Logistics, Government

Diesel Drops 14.9¢ to $4.353 a Gallon

The national diesel average declined 14.9 cents last week to $4.353 a gallon, the fourth straight drop that has lowered the price of trucking’s main fuel by 41.1 cents a gallon, the Department of Energy reported.

August 18, 2008
Business

Con-way Hires CFO from YRC Worldwide

Less-than-truckload carrier Con-way Inc. has hired the former chief financial officer of competitor YRC Worldwide as its new CFO.

August 15, 2008
Business

July Industrial Production Rises 0.2%

U.S. industrial production rose 0.2% in July, the Federal Reserve said Friday.

August 15, 2008
Business, Safety

Rail, Intermodal Traffic Decline 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 15, 2008
Business, Government

Consumer Confidence Improves in August

U.S. consumer confidence improved this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index, released Friday.

August 15, 2008
Business, Fuel

Oil Closes Week Below $114

Crude oil continued its slide of the last few weeks, falling $1.58 Friday to close the trading week at $113.43 a barrel on the New York Mercantile Exchange, Bloomberg reported.

August 15, 2008
Business, Government

N.Y. State Manufacturing Index Shows Growth

Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Friday.

August 15, 2008
Business, Safety, Government

Truck-Related Fatalities Declined Last Year, DOT Says

U.S. road fatalities and truck-related fatalities both declined last year, the Department of Transportation said Thursday.

August 14, 2008
Business, Autonomous

Volvo, Mack to Streamline U.S. Operations

Affiliated truck makers Mack Trucks and Volvo Trucks North America said Thursday they will concentrate each company’s manufacturing operations into a single U.S. location and will move Mack’s headquarters from Allentown, Pa., to Greensboro, N.C.

August 14, 2008