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

Averaging Has Given Engine Makers Flexibility to Meet Emission Targets

Large-scale manufacturing of 550-horsepower, 13-liter diesel truck engines that can run for a million miles is such a complicated endeavor that, since 1990, EPA has given engine makers some short-term wiggle room on hitting emissions targets through its averaging, banking and trading program.

June 30, 2008
Business, Logistics

Schneider’s Bulk Division Sets Local and Regional Service

Truckload carrier Schneider National said Monday it is expanding into the local and regional bulk hauling sectors.

June 30, 2008
Business, Fuel

Oil Continues to Surge, Rising Past $143 a Barrel

Crude oil rose to a record of more than $143 a barrel Monday, on Mideast supply concerns and a shaky global economy, the Associated Press reported.

June 30, 2008
Government, Business, Safety

Florida Sets Anti-Idling Rule; Compliance Delayed Until December

Florida’s Environmental Regulation Commission has approved a rule barring heavy-duty trucks from idling longer than five minutes.

June 30, 2008
Business, Fuel, Government

Many Trucking Shares Gain During 2008 Despite Ongoing Industry Woes

Despite trucking’s struggles to overcome record fuel prices, weak demand and overcapacity, many carriers’ stocks have gained thus far in 2008.

June 30, 2008
Business, Government, Safety, Fuel

EGR Proponents to Use Credits to Meet 2010 Engine Standards

The two major engine makers that will employ exhaust gas recirculation technology to meet the tightened federal emissions rules that go into effect in 2010 will use credits they have earned from the Environmental Protection Agency to hit the new mark.

June 30, 2008
Business, Safety, Government

UPS Lowers Earnings Estimate, Sending Stock to Five-Year Low

UPS Inc. lowered guidance on its second-quarter earnings by about 15%, less than one week after FedEx Corp. posted its first quarterly loss since 1997, demonstrating that even the two largest corporations in North American freight transportation, with the most far-reaching global footprints, are ultimately not immune to the continuing struggles of the all-but-stagnant U.S economy.

June 30, 2008
Government, Business, Safety, Fuel

Diesel Dips 4.4¢ to $4.648 a Gallon

The fuel price express took a holiday last week, as the average price of diesel dipped 4.4 cents a gallon to $4.648, and the price of gasoline declined for the first time in three months, according to the Department of Energy.

June 30, 2008
Government, Business, Safety

Roadcheck Shows Improved Safety Compliance, CVSA Says

The Commercial Vehicle Safety Alliance said that its recent Roadcheck ’08 three-day safety check yielded the lowest out-of-service rate in two decades.

June 27, 2008
Business, Safety

May Truck Tonnage Jumps 3.3% From a Year Ago

Truck tonnage in May jumped 3.3% from a year earlier, marking the seventh straight year-over-year increase, American Trucking Associations said.

June 27, 2008