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

Hino to Triple Engine Output in China

Japanese truck maker Hino Motors Ltd. said it will nearly triple its production of diesel engines in China this year, Bloomberg reported.

January 14, 2008
Business, Government

Hino to Triple Engine Output in China

Japanese truck maker Hino Motors Ltd. said it will nearly triple its production of diesel engines in China this year, Bloomberg reported.

January 14, 2008
Business, Government

Cogswell Named President of ABF’s Data-Tronics

David Cogswell has been named president of Data-Tronics Corp., the information technology subsidiary of Arkansas Best Corp., the company said.

January 14, 2008
Business, Government, Safety

ATA, FMCSA Urge U.S. Court to Reject HOS Rule Appeal

ATA and FMCSA last week asked a federal court to reject the latest attempt to roll back key provisions of the federal driver-hours rule, the latest step in several years of litigation that observers predicted would keep the rule in flux until after President Bush leaves office next year.

January 14, 2008
Business, Fuel, Safety, Government, Logistics, Technology, Equipment, Autonomous

Panel to Back Fuel Tax Hike

The commission charged with examining the future of the national transportation system is set to recommend a significant increase in federal fuel taxes to Congress, according to wire service reports and other sources.

January 14, 2008
Business, Government, Safety, Equipment

YRC-Union Pact to Raise Pay, Give Carriers New Flexibility

YRC Worldwide’s proposed new contract with the Teamsters union raises wages by $2.20 an hour over five years, increases company pension payments, and sets up a new class of “utility employees” to perform more job duties in exchange for higher pay.

January 14, 2008
Business, Fuel, Government

Diesel Rises Again; DOE Sees $3.40 Average Into Spring

Diesel fuel prices rose again last week, gaining 3.1 cents to $3.376 a gallon in the Department of Energy’s weekly average of filling stations. DOE said average gasoline prices increased 5.6 cents to $3.109.

January 14, 2008
Business

International to Open Truck Plant in Russia

International Truck and Engine Corp. will open an assembly plant in Russia this month to tap demand for heavy-duty vehicles in that country, Bloomberg reported Friday.

January 11, 2008
Business

UPS Freight Sets 5.4% Rate Increase

UPS Freight, the less-than-truckload unit of UPS Inc., said Friday it would raise general rates an average of 5.4% for 2008, effective Feb. 4.

January 11, 2008
Business, Safety

Officials Reopen Stretch of I-4 in Florida

Florida officials reopened a stretch of Interstate 4 late Thursday that had closed earlier this week following a massive traffic pileup that killed four and injured dozens, the Bradenton (Fla.) Herald newspaper reported.

January 11, 2008