Business
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.
N.Y. State Assembly Rejects NYC’s Congestion-Fee Plan
The New York State Assembly decided not to vote on New York City’s proposal to charge cars and trucks fees upon entering central Manhattan, Bloomberg reported.
April 8, 2008Diesel Dips 0.9¢ to $3.955; Gas Rises to Record $3.332
The national average pump price of diesel fuel dipped 0.9 cent to $3.955 a gallon, while gasoline rose to a second straight record, the Department of Energy said Monday.
April 8, 2008Teamsters Ratify 5-Year Contract with UPS Freight
The Teamsters union and UPS Inc. said Monday that Teamsters members had overwhelmingly ratified their first national contract at UPS Freight, the less-than-truckload unit of UPS Inc.
April 8, 2008Prime Inc. to Buy 1,900 Trailers from Wabash National
Trailer maker Wabash National Corp. said it would sell 1,900 trailers to refrigerated carrier Prime Inc.
April 8, 2008OEMs Tout 2010 Engine Choices; Analyst Sees Reshaped Industry
LOUISVILLE, Ky. — As competing engine makers continued their public battle over the best technology for meeting 2010 federal emission standards, analysts said the outcome of the competition could dramatically transform the industry.
April 8, 2008Nissan to Build Commercial Trucks in Mississippi
Nissan Motor Co. will spend $118 million to convert an underused Mississippi truck plant and build its first commercial vehicles in the United States, Bloomberg reported.
April 8, 2008MAN Seeks to Expand Trucks Division, International Sales
German truck maker MAN AG plans to expand its commercial-vehicles division as it seeks to make more international sales, Bloomberg reported Tuesday.
April 8, 2008Celadon Gets Top Score in EPA SmartWay Program
Truckload carrier Celadon Trucking Services said it earned the top score awarded by the U.S. Environmental Protection Agency for freight carriers that participating in EPA’s SmartWay Transport Partnership.
April 8, 2008Quality Distribution Alters Liability Coverage
Bulk and tanker carrier Quality Distribution Inc., Jacksonville, Fla., said it purchased an insurance policy to cover all accident liability claims between $2 million and $5 million.
April 7, 2008ISM Contraction May Indicate Trucking Upturn, Analyst Says
Last week’s Institute of Supply Management report that showed continued contraction may actually be good for the trucking industry’s outlook, according to an industry analyst, the Associated Press reported.
April 7, 2008