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 Climbs 1.4¢ to $2.817

Diesel fuel’s national average pump price rose for a second straight week, gaining 1.4 cents to $2.817 a gallon, the Department of Energy said Monday.

May 30, 2007
Business, Safety

PHH Sets Safety Modeling Service

PHH FirstFleet Tuesday said it launched a new predictive modeling service for driver safety analysis and training for private fleets.

May 30, 2007
Business, Safety, Government

Knight Raises Quarterly Dividend

Truckload carrier Knight Transportation said Tuesday its board raised the company’s quarterly cash dividend, declaring a dividend of 3 cents per share, an increase of 50%.

May 29, 2007
Business, Fuel

Feds Push Coal-Liquid Technologies

Federal officials and the coal industry are making a push for big subsidies to develop technologies to turn coal into liquid fuel, the New York Times reported Tuesday.

May 29, 2007
Government, Business, Safety

ATA Encourages EPA to ‘Harmonize’ Federal, California OBD Requirements

American Trucking Associations has urged the Environmental Protection Agency to harmonize pending federal and California onboard diagnostics rules.

May 29, 2007
Government, Business, Equipment

Bridgestone/Bandag Deal Gains EU Antitrust Clearance

Tire maker Bridgestone Corp. has secured European antitrust approval to buy Bandag Inc. for $1.05 billion, Bloomberg reported Tuesday.

May 29, 2007
Business, Government, Autonomous

Bush Signs Mexican Trucks Restrictions Into Law

President Bush signed a bill Friday that would set restrictions on the government’s pilot program to allow Mexican trucks access to U.S. highways, the Associated Press reported.

May 29, 2007
Government, Business

Consumer Confidence Gains in May

Consumer confidence improved in May, the New York-based Conference Board said Tuesday.

May 29, 2007
Business

DAF to Boost Truck Output To Meet High European Demand

DAF Trucks NV, a unit of U.S. truck maker Paccar Inc., plans to increase production at its main plant by about 5% to 192 vehicles per day starting in June to meet high European freight transport demand, Bloomberg reported Tuesday.

May 29, 2007