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, Logistics, Government

Diesel Rises 1.3¢ to $2.805; Gas Falls to Just Over $3

Diesel fuel’s national average retail price rose 1.3 cents $2.805 a gallon, while gasoline fell 6.7 cents but remained just over $3, the Department of Energy said Monday.

June 19, 2007
Business

Marten Orders 2,000 APUs from Thermo King

Refrigerated truckload carrier Marten Transport has ordered more than 2,000 auxiliary power units from Thermo King.

June 18, 2007
Business, Safety

1Q Driver Turnover Rates Rise

Driver turnover rates rose in the first quarter at both large truckload and less-than-truckload carriers, while the rate fell modestly for smaller truckload carriers, according to new American Trucking Associations data.

June 18, 2007
Business, Safety, Government

Analyst Lowers 2Q Outlook

An analyst with Stifel, Nicolaus & Co. lowered the second-quarter and full-year earnings estimates on 13 freight companies — including 12 trucking companies — citing continued softness in the transportation market, the Associated Press reported.

June 18, 2007
Business, Safety

ATA Reorganizes Highway Watch Program

American Truck Associations has announced a reorganization of the management of the Highway Watch program.

June 18, 2007
Government, Business, Safety, Fuel

Democrats Demand Action on ‘Hot’ Fuel

WASHINGTON — Congressional Democrats said steps need to be taken to ensure that U.S. consumers are not getting shortchanged by “hot” fuel, but representatives of the fuel retailing industry said adjusting sales by temperature was unnecessary and would hurt small businesses.

June 18, 2007
Business, Government, Safety

iTECH: Capturing Data for Electronic Driver Logs

June 18, 2007
Government, Business, Safety

May Truck Sales Fall 51%

Heavy-duty retail truck sales in the United States fell 51.7% in May from year-ago levels, the result of slowing freight demand and the impact of last year’s big pre-buy.

June 18, 2007
Business, Equipment

Class 8 Fleet Grows 4.8% as Freight Levels Drop

The U.S. heavy-duty truck fleet was about 4.8% larger at the end of the first quarter than it was in the comparable period last year, according to new data from R.K. Polk & Co.

June 18, 2007