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

Philadelphia Proceeds With Wi-Fi Expansion

Wireless laptop users in Philadelphia are finding more “hot spots” throughout the city, as a planned expansion of the municipal Wi-Fi network proceeds, the Associated Press reported.

August 20, 2007
Business, Equipment

July Class 8 Truck Sales Fall 54%

U.S. retail Class 8 truck sales continued to slide in July, falling more than 54% from the same month last year, according to the latest survey by Ward’s Communications.

August 20, 2007
Government, Business, Safety

U.S. Seeks to Boost Enforcement of Laws Restricting Cabotage

The Federal Motor Carrier Safety Administration has awarded a grant to educate local and state enforcement officers about truck cabotage rules that forbid foreign carriers from hauling cargo point-to-point within the United States.

August 20, 2007
Business, Safety, Government, Logistics

State Champions to Test Skill and Knowledge

More than 375 professional truck drivers from all 50 states are expected to compete this week in what American Trucking Associations calls the “Super Bowl of Safety” — the National Truck Driving Championships in Minneapolis.

August 20, 2007
Business, Logistics, Government

Diesel Dips 5.1¢ to $2.847

The national average retail price of diesel fell 5.1 cents last week to $2.847 a gallon — its largest weekly drop since January — while the gasoline average fell 6.7 cents to $2.771 a gallon.

August 20, 2007
Business, Safety, Government

DOT Sets Conditions on Mexican Trucks Program

The Department of Transportation said that Mexican trucks will be allowed to operate throughout the United States under its pilot program as long as U.S. trucking companies have equal access south of the border, Bloomberg reported Friday.

August 17, 2007
Business, Government

Consumer Sentiment Index Falls to One-Year Low

U.S. consumer confidence fell to a one-year low this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.

August 17, 2007
Business, Safety

Rail, Intermodal Fall for Week

Rail carload and intermodal freight traffic fell from a year ago for the week ended Saturday, the Association of American Railroads said Thursday.

August 16, 2007
Business, Government

Philadelphia Factory Index Stalls in August

Manufacturing growth in the Philadelphia area stalled in August, the Federal Reserve Bank of Philadelphia said Thursday.

August 16, 2007
Government, Business, Safety

Florida Sets Left-Lane Restrictions on I-4

Heavy trucks will be banned from using the left lane of Interstate 4 along a 60-mile stretch through four counties in central Florida, the Orlando Sentinel reported Thursday.

August 16, 2007