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

IdleAire Reaches $26 Million Sale Agreement

IdleAire Technologies Corp., which provides stationary power for trucks to use at truck stops in lieu of idling, has reached agreement to be sold for $26 million, the Knoxville (Tenn.) News Sentinel reported.

July 15, 2008
Business, Government, Safety, Fuel

Letters to the Editor: Speed Limiters, Freeway Trucks, Trucker Finances, Fuel Costs

I believe it would be appropriate to have a new regulation limiting the speed of vehicles on the highway. The speed at which some truckers are driving today is stupid, and some people should go to jail for that.

July 15, 2008
Business, Government

Business Inventories Rise 0.3%

Business inventories rose 0.3% in May, the Commerce Department said Tuesday.

July 15, 2008
Business, Safety, Government, Logistics

Port of Los Angeles Opens Third TWIC Signup Center

To boost lagging enrollments in the Transportation Worker Identification Credential program at Southern California ports, the Port of Los Angeles has opened a new enrollment center close to the adjacent Port of Long Beach.

July 15, 2008
Business

GM Sets Plant Closures, Job Cuts

General Motors Corp. plans to cut truck production, lay off salaried workers, suspend its dividend and borrow $2 billion to $3 billion as it struggles to stay afloat, the Associated Press reported Tuesday.

July 15, 2008
Fuel, Business, Logistics, Government

Diesel Hits New Record, Rising 3.7¢ to $4.764

The national average pump price of diesel fuel rose 3.7 cents to a record $4.764 a gallon, the Department of Energy said.

July 15, 2008
Business, Government

Retail Sales Gain 0.1% in June

Retail sales improved 0.1% in June, the Commerce Department said Tuesday.

July 15, 2008
Business, Safety, Fuel, Government

Opinion: Truck Crashes Happen — Be Ready

Despite fuel prices zooming toward the outer edge of our galaxy, ours is a nation of crowded highways and busy people who don’t like trucks getting in their way.

July 14, 2008
Business, Safety

Bush Lifts Executive Ban on Offshore Oil Drilling

President Bush Monday lifted an executive order banning offshore oil drilling, but the move still needs congressional action to take effect.

July 14, 2008
Business, Safety, Government

YRC Names Gaines President of Yellow Transportation

Less-than-truckload carrier YRC Worldwide said it named Phil Gaines president of its Yellow Transportation unit, and Ken Bowman senior vice president of finance.

July 14, 2008