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, Technology, Equipment

IdleAire Can Proceed With Sale, Judge Rules

IdleAire Technologies Corp., which designs anti-idling systems for long-haul trucks at truck stops, can proceed with a proposed sale without an investigation, a judge ruled, Bloomberg reported Monday.

June 16, 2008
Fuel, Business, Logistics, Government

Diesel Holds at $4.692 a Gallon

The national average price of diesel fuel was unchanged Monday from a week ago, holding at $4.692 a gallon, the Department of Energy said.

June 16, 2008
Business, Safety, Government

PTS Shuts Down Following Strike

Automobile hauler Performance Transportation Services said it has gone out of business, due to a strike against the company last week by the Teamsters union.

June 16, 2008
Business

FCC Chief Backs XM-Sirius Merger

The head of the Federal Communications Commission chief is recommending approval of the $3.8 billion merger deal between Sirius Satellite Radio and XM Satellite Radio Holdings, the Associated Press reported Monday.

June 16, 2008
Government, Business, Safety, Fuel, Equipment

Several Class 8 Hybrids Being Developed, But Experts Say Many Obstacles Still Loom

WASHINGTON — Several prototype Class 8 hybrid trucks are currently under development, but the technical and economic obstacles in the way of placing reliable and fuel-efficient heavy hybrid over-the-road trucks in service remain daunting, experts told a House subcommittee.

June 16, 2008
Business, Safety, Government, Technology, Equipment, Logistics

Roadrunner Rebrands, Expands Services

Roadrunner Transportation Services, formerly known as Roadrunner Dawes Freight Systems, said Monday it has rebranded to reflect new offerings its third-party transportation logistics, supply-chain management, and truckload and less-than-truckload services.

June 16, 2008
Business, Equipment

Cummins, Navistar Extend Agreement Through 2013

Cummins Inc. and Navistar International Corp. said Monday they have extended their engine supply agreement for Class 8 on-highway diesel engines through 2013.

June 16, 2008
Business, Government

New York Manufacturing Index Declines

Manufacturing growth in New York state declined in June, the Federal Reserve Bank of New York said Monday.

June 16, 2008
Business

Stretch of I-80 Closed in Iowa Due to Flooding

A portion of Interstate 80 remains closed in both directions in Iowa due to heavy flooding, and may remain closed into the middle of the week, the Des Moines Register reported Monday.

June 16, 2008
Government, Business, Safety, Equipment

Caterpillar Exits U.S. Truck Market

Caterpillar Inc., which lost its dominant position in heavy-duty engines last year because of persistent problems with 2007-compliant models, said it will pull out of the North American Class 8 market by 2010, except for a severe-duty truck and engine in partnership with Navistar International Corp.

June 16, 2008