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

Diesel Jumps 15.5¢ to Record $3.974 a Gallon

Diesel fuel’s national average jumped another 15.5 cents Monday, to $3.974 a gallon, for its fourth straight record high, the Department of Energy said Monday.

March 18, 2008
Business

Navistar Says Military Orders Boosting Business

Navistar International Corp. said Tuesday its first-quarter results reflect “soft market” as shipments of trucks and buses fell 37% from a year ago, but said military orders were increasing.

March 18, 2008
Business, Safety, Government, Technology, Equipment

Illinois to Pay $1.2 Million for Rest Stop Security Upgrades

The Illinois Department of Transportation will spend $1.2 million to update and repair security systems at interstate rest stops, the Associated Press reported Monday.

March 18, 2008
Business, Government, Equipment, Technology

FleetPride Buys Wyo. Operations of Truck & Industrial Supply Co.

Heavy-duty truck and trailer parts aftermarket distributor FleetPride Inc. said it finalized the acquisition of certain assets of Truck & Industrial Supply Co.

March 18, 2008
Government, Business

Housing Starts, Construction Permits Drop in February

Housing starts fell in February and construction permits fell to the lowest level in 16 years, the Commerce Department said Tuesday.

March 18, 2008
Business

I-95 in Philadelphia May Reopen Wednesday Night

A two–mile stretch of Interstate 95 in Philadelphia that has been closed since early Tuesday morning could open as soon as Wednesday night, Pennsylvania Gov. Ed Rendell’s office said in a statement.

March 18, 2008
Business, Fuel, Government

EPA to Award $5 Million for Midwest Clean-Diesel Projects

The Environmental Protection Agency’s Midwest Clean Diesel Initiative said Friday today announced that it expects to award about $5 million in grants for diesel-emission reduction projects in five Midwestern states.

March 17, 2008
Business

Industrial Production Falls 0.5% in February

U.S. industrial production fell 0.5% in February, the first decline in four months, the Federal Reserve said Monday.

March 17, 2008
Fuel, Business, Safety, Government

ATA Projects Record Diesel Fuel Costs for 2008

American Trucking Associations is projecting a record high diesel fuel bill for the trucking industry this year, at $135 billion.

March 17, 2008
Fuel, Business

Volvo Displays ‘Green’ Trucks to Run on Alternative Fuels

WASHINGTON — Global truck producer Volvo AB recently demonstrated trucks that can run on one of seven different alternative fuels, but company officials said they could not forecast when an over-the-road model of any of these seven trucks might be available.

March 17, 2008