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, Fuel, Government

Bush Calls for More U.S. Oil Exploration

President Bush said Wednesday that Congress should allow for expanded U.S. offshore oil drilling and called for opening up more areas for domestic energy exploration.

June 18, 2008
Government, Business

Roadway Sets New Custom Pickup and Delivery Service

YRC Worldwide unit Roadway Express said Wednesday it has launched a new specialized pickup and delivery service.

June 18, 2008
Government, Business, Safety, Fuel

Letters to the Editor: Fuel Price Crisis, LTLs, Truck Weights, Hurricane Season

I would like to comment on a letter in the June 2 edition suggesting that the only way to bring fuel prices down is for truckers to stage protests.

June 18, 2008
Government, Business, Safety, Fuel

Proposed Rule Would Keep Trucks Off N.Y. Secondary Roads

New York state is considering rules that would keep large trucks on interstate highways only, except to access terminals or to reach food, fuel, rest or repair locations.

June 18, 2008
Business, Safety, Government

YRC to Take 2Q Charges; Affirms Core Earnings Outlook

YRC Worldwide late Tuesday reaffirmed its core second-quarter earnings guidance, but said its financial statement would include some special charges.

June 17, 2008
Fuel, Business

Volvo to Develop Lightweight Sleepers

Volvo Trucks North America said it will develop lightweight prototype sleepers made with advanced composite material technology as part of a U.S. Army program to reduce the weight and improve fuel economy of trucks.

June 17, 2008
Government, Business, Safety

Interstate 80 Reopens in Iowa Following Floods

Interstate 80 has reopened in Iowa, the Iowa Department of Transportation said.

June 17, 2008
Business, Logistics, Fuel, Government

Diesel Holds at $4.692; Gas Jumps 4.3¢ to $4.082

The national average price of diesel held at $4.692 a gallon from a week ago, while gasoline continued its string of increases in rising 4.3 cents to a record $4.082, the Department of Energy reported.

June 17, 2008
Business

Industrial Production Falls 0.2%

U.S. industrial production dipped 0.2% in May, the Federal Reserve said Tuesday.

June 17, 2008
Business, Government

Housing Starts Fall to 17-Year Low

New housing starts fell 3.3% in May as builders broke ground on the fewest number of houses in 17 years, the Commerce Department said Tuesday.

June 17, 2008