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, Safety

ATA Accepting Security Award Nominations

American Trucking Associations said nominations for its Security Council’s 2008 Excellence in Security Award and 2008 Security Professional of the Year Award are now being accepted.

January 7, 2008
Business, Government

GM Eyes Growth Outside of U.S.

General Motors Corp. is likely to get as much as 75% of its car and truck sales from outside the Untied States within a decade, Bloomberg reported Monday.

January 7, 2008
Government, Business

Storms Hammer West Coast, Closing Some Roads

The West Coast was hit by a huge storm Friday that dumped more than 5 inches of rain in some parts of California and feet of snow elsewhere, temporarily closing some major roadways, the Los Angeles Times reported Monday.

January 7, 2008
Business, Fuel

Fuel Costs, Union Contracts, Economy Loom as Major Concerns in New Year

Don’t be surprised if the year ahead looks a lot like the year just ended, with some additional worries for freight carriers. Last year’s concerns continue for freight carriers, but they also have new ones.

January 7, 2008
Business, Fuel

Web-Based Software Is Appealing to Fleets

For some fleet managers and maintenance supervisors today, a routine part of their job is accessing a secure Web site to view, say, fuel expenses for last month or a report on which trucks need servicing in the coming week.

January 7, 2008
Government, Business, Safety

IRS Assesses FedEx $319 Mln. in Driver Classification Dispute

The IRS struck another blow to FedEx Ground’s independent contractor business model, assessing the package delivery company back taxes and penalties of $319 million for 2002 after an audit determined that company drivers should have been classified as employees.

January 7, 2008
Business, Safety

November Truck Tonnage Rises 3.3%

November truck tonnage in-creased by 3.3% over the same month a year ago, just the third increase in the past 17 months, according to the latest survey by American Trucking Associations.

January 7, 2008
Government, Business, Safety, Fuel

Diesel Average Increases 3.7¢; Crude Briefly Tops $100

The average price of diesel fuel rose 3.7 cents to $3.345 a gallon last week while the price of crude oil pushed past $100 a barrel for the first time, which analysts said would soon lead to higher fuel prices.

January 7, 2008
Business, Safety, Government

Dorgan Blasts DOT Over Cross-Border Trucking

One of the most vocal congressional critics of a plan to grant Mexican trucks access to U.S. highways as part of a yearlong pilot project blasted the Department of Transportation in a letter, accusing DOT of ignoring Congressional intent in continuing the test.

January 4, 2008
Business

Unemployment Rate Rises to 5%

The unemployment rate rose to a two-year high of 5% in December from 4.7% in November, while payrolls rose by 18,000 jobs, the smallest gain since August, the Labor Department said Friday.

January 4, 2008