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.

Fuel, Business, Safety, Government

ATA Calls on Feds to Help Solve Fuel-Price ‘Crisis’

American Trucking Associations called for a series of steps by the federal government to alleviate it what it said was a crisis for the trucking industry caused by soaring fuel prices.

March 28, 2008
Government, Business, Fuel

UPS Puts 167 CNG Delivery Vans Into Service

UPS Inc. said Thursday it has put 167 compressed-natural-gas-powered delivery vehicles into service in Texas, Georgia and California.

March 27, 2008
Fuel, Business, Safety, Government

Covenant Projects 1Q Loss Due to High Fuel Costs

Truckload carrier Covenant Transportation Group said Thursday it will lose 40 cents to 50 cents per share in the first quarter, citing soaring diesel fuel prices.

March 27, 2008
Business, Safety, Government

Feb. Truck Tonnage Rises 3.5%

February truck tonnage rose 3.5% from the same month last year, American Trucking Associations said in its monthly seasonally adjusted for-hire truck tonnage index.

March 27, 2008
Business

Initial Jobless Claims Fall 9,000 for Week

Initial jobless claims fell by 9,000 last week, the Labor Department said Thursday.

March 27, 2008
Business, Fuel, Equipment, Government, Technology, Safety

Cummins Releases CARB-Compliant APU

Diesel engine maker Cummins Inc. Wednesday unveiled two new auxiliary power unit systems that are compliant with new California Air Resources Board idle-reduction regulations.

March 26, 2008
Business, Fuel, Government

Oil Jumps Following DOE Report

Crude oil prices jumped more than $4 a barrel Wednesday after a Department of Energy report showed declines in gasoline and distillate inventories, the Associated Press reported.

March 26, 2008
Business, Government

New Home Sales Fall 1.8% to 13-Year Low

New home sales fell to a 13-year low in February, the Commerce Department said Wednesday.

March 26, 2008
Business, Government, Safety

FMCSA May Soon Set Sleep Apnea Standards, Paper Says

An effort to curb drowsiness among truck drivers could gain ground next month when a review panel acts on medical findings regarding sleep apnea, USA Today reported Wednesday.

March 26, 2008
Business, Safety, Government

Peters Touts Cross-Border Program’s Benefits to Agricultural Exporters

Transportation Secretary Mary Peters said the government’s cross-border trucking program with Mexico was essential for helping U.S. agricultural exports.

March 26, 2008