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, Safety, Government

Larger Trucks More Efficient, Reduce Emissions, Study Says

The use of heavier trucks can be an effective way for the industry to reduce fuel consumption and emissions, a new study by the American Transportation Research Institute said.

April 15, 2008
Business, Safety

ATA, Army Reserve Launch Military-Civilian Partnership for Drivers

American Trucking Associations and the U.S. Army Reserve signed a recruiting partnership agreement they said will provide experienced truck drivers for the military and give career opportunities to truck drivers leaving the military.

April 15, 2008
Government, Business, Safety

FMCSA Issues CDL Learner’s Permit Rule

The Federal Motor Carrier Safety Administration said it intends to set new minimum standards for issuing learner’s permits to prospective commercial drivers and revise the knowledge and skills tests administered to people seeking commercial driver licenses.

April 15, 2008
Fuel, Business, Logistics, Government

Diesel Average Tops $4 for First Time; Oil, Gas at Records

Diesel fuel’s national average price broke the $4 barrier for the first time, jumping 10.4 cents to $4.059 a gallon, the Energy Department said Monday.

April 15, 2008
Business

Quality Distribution Cuts 60 Jobs

Tank truck carrier Quality Distribution said it has eliminated about 60 positions —17% of its workforce — primarily at its Tampa, Fla., headquarters.

April 15, 2008
Business

J.B. Hunt’s First-Quarter Income Declines

Truckload carrier J.B. Hunt Transport Services’ first-quarter profit declined to $36.4 million, or 28 cents a share, from $44.2 million, or 30 cents, a year ago.

April 15, 2008
Business, Government

New York State Manufacturing Index Improves

Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Tuesday.

April 15, 2008
Business, Safety

Industry Veteran James Hebe to Head N. American Sales for Navistar

Trucking industry veteran James Hebe has rejoined Navistar International Corp.’s truck group as senior vice president of North American sales, the company said Monday.

April 14, 2008
Business, Technology

Qualcomm’s European Unit Acquires Spanish Firm

Qualcomm Enterprise Services Europe BV, a subsidiary of Qualcomm Inc., said Monday it acquired most of the assets of Madrid, Spain-based Ronda Grupo Consultor.

April 14, 2008
Business, Technology, Equipment, Safety

Ryder to Buy Florida Leasing Firm

Ryder System said Monday it will buy most of the assets of Florida-based Gator Leasing, which will add about 2,300 vehicles to Ryder's fleet.

April 14, 2008