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, Government

Consumer Sentiment Index Remains Low

U.S. consumer confidence gained slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

July 11, 2008
Business, Government

Import Prices Rise 2.6% in June

The price of goods imported to the United States jumped 2.6% in June, the Labor Department said Friday.

July 11, 2008
Business, Safety

Rail, Intermodal Traffic Gain for Week

Rail and intermodal traffic improved last week compared with a year ago, the Association of American Railroads said Thursday.

July 10, 2008
Business

Jobless Claims Fall 58,000 for Week

Initial jobless claims fell by 58,000 last week, the Labor Department said Thursday.

July 10, 2008
Fuel, Business, Government

Trucking Executive Calls for Higher Weight Limits

Raising allowable truck weight limits by 21% would save carriers fuel, while reducing traffic and emissions, a trucking executive told Congress Wednesday.

July 10, 2008
Business

DOT Grants $11 Million for Truck-Parking Projects

Two of the nation’s busiest interstates will receive a combined $11 million in federal support for new strategies to provide truck parking on the congested routes, the Federal Highway Administration said.

July 9, 2008
Business, Government

FMCSA Cracking Down on Rogue Interstate Moving Companies

The Federal Motor Carrier Safety Administration said Wednesday it will continue to target rogue interstate moving companies that violate federal consumer protection and safety regulations.

July 9, 2008
Business, Safety, Government

Freight Transportation Index Rises in May

The Department of Transportation’s freight transportation services index for May rose 2.1% from a year ago, and showed a month-to-month gain, DOT said Wednesday.

July 9, 2008
Business, Government, Fuel, Safety

Bush Expected to Sign Bill Aimed at Reducing Ships’ Emissions

Cargo ships would have to reduce their emissions under federal legislation approved by Congress, which President Bush is expected to sign into law, the Ventura County (Calif.) Star newspaper reported Wednesday.

July 9, 2008
Business, Government

Navistar Raises Prices on International Brand Trucks

Citing high commodity prices, Navistar International Corp. said late Tuesday it is raising prices on its International brand trucks, effective immediately.

July 9, 2008