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.

Government, Business, Safety, Fuel, Logistics

Diesel Jumps 10.6¢ to Record $3.658

3he average national price of retail diesel fuel jumped 10.6 cents to a record $3.658 a gallon, following last week’s record $3.552, the Department of Energy said.

March 4, 2008
Business, Logistics

Norfolk Southern Opens Ohio Intermodal Terminal

Norfolk Southern Corp. said it opened a new intermodal terminal near Columbus, Ohio.

March 4, 2008
Fuel, Business

EPA to Hold Workshop on Test Protocol

The Environmental Protection Agency has scheduled a workshop for March 19-20 in Washington, D.C., to discuss a draft proposal to measure greenhouse gas emissions and fuel efficiency for trucks.

March 3, 2008
Business, Safety, Government

NAFTA Surface Trade Climbs 3.1%

Surface trade among the United States, Canada and Mexico jumped 3.1% in December from a year earlier, the Department of Transportation said Monday.

March 3, 2008
Business, Safety, Government

Coalition Presses Congress for Action on Safety Technology Tax Incentives

WASHINGTON — A coalition of law enforcement and equipment manufacturers pressed Congress to act on a bill that would give fleets a tax incentive for purchasing safety technology.

March 3, 2008
Business

Volkswagen Takes Control of Scania

German auto and truck maker Volkswagen AG has taken control of Swedish truck maker Scania AB, buying the Wallenberg family’s stake in Scania for about $4.4 billion, Bloomberg reported Monday.

March 3, 2008
Business, Safety, Government

ISM Factory Index Shows Contraction in February

The Institute for Supply Management’s manufacturing index contracted last month, ISM said Monday.

March 3, 2008
Government, Business

Construction Spending Falls 1.7%

Construction spending fell 1.7% in January, the Commerce Department said Monday.

March 3, 2008
Business, Government, Fuel

Gasoline Consumption Falling

Soaring gasoline prices, pushed by record crude oil prices, are causing U.S. consumers to reduce consumption of gasoline, the Wall Street Journal reported Monday.

March 3, 2008
Business, Safety, Technology, Equipment

Volvo Invests in Anti-Theft System Based on Radio Technology

Volvo AB, parent company of Volvo Trucks North America and Mack Trucks Inc., said it was working on a new tractor-trailer anti-theft system based on intelligent radio technology and sensors.

March 3, 2008