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

N.Y. State Assembly Rejects NYC’s Congestion-Fee Plan

The New York State Assembly decided not to vote on New York City’s proposal to charge cars and trucks fees upon entering central Manhattan, Bloomberg reported.

April 8, 2008
Fuel, Business, Logistics, Government

Diesel Dips 0.9¢ to $3.955; Gas Rises to Record $3.332

The national average pump price of diesel fuel dipped 0.9 cent to $3.955 a gallon, while gasoline rose to a second straight record, the Department of Energy said Monday.

April 8, 2008
Government, Business, Safety, Logistics

Teamsters Ratify 5-Year Contract with UPS Freight

The Teamsters union and UPS Inc. said Monday that Teamsters members had overwhelmingly ratified their first national contract at UPS Freight, the less-than-truckload unit of UPS Inc.

April 8, 2008
Government, Business, Safety, Logistics

Prime Inc. to Buy 1,900 Trailers from Wabash National

Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.

April 8, 2008
Business, Fuel

OEMs Tout 2010 Engine Choices; Analyst Sees Reshaped Industry

LOUISVILLE, Ky. — As competing engine makers continued their public battle over the best technology for meeting 2010 federal emission standards, analysts said the outcome of the competition could dramatically transform the industry.

April 8, 2008
Business, Government

Nissan to Build Commercial Trucks in Mississippi

Nissan Motor Co. will spend $118 million to convert an underused Mississippi truck plant and build its first commercial vehicles in the United States, Bloomberg reported.

April 8, 2008
Business

MAN Seeks to Expand Trucks Division, International Sales

German truck maker MAN AG plans to expand its commercial-vehicles division as it seeks to make more international sales, Bloomberg reported Tuesday.

April 8, 2008
Business

Celadon Gets Top Score in EPA SmartWay Program

Truckload carrier Celadon Trucking Services said it earned the top score awarded by the U.S. Environmental Protection Agency for freight carriers that participating in EPA’s SmartWay Transport Partnership.

April 8, 2008
Business, Safety

Quality Distribution Alters Liability Coverage

Bulk and tanker carrier Quality Distribution Inc., Jacksonville, Fla., said it purchased an insurance policy to cover all accident liability claims between $2 million and $5 million.

April 7, 2008
Business, Safety

ISM Contraction May Indicate Trucking Upturn, Analyst Says

Last week’s Institute of Supply Management report that showed continued contraction may actually be good for the trucking industry’s outlook, according to an industry analyst, the Associated Press reported.

April 7, 2008