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

Hino to Build Medium-Duty Truck Plant in W.Va.

Japan's Hino Motors said it will spend $8.6 million to open a medium-duty truck assembly plant in West Virginia, which is scheduled to open in November.

June 25, 2007
Business

DHL Sets New N.Y.-Europe Service

DHL Express said Monday it has started a new service from New York City to several major European destinations, including guaranteed arrivals by noon in Paris and Zurich, Switzerland.

June 25, 2007
Business, Fuel

Volvo’s Five-Month Truck Sales Drop 10%

Sweden’s Volvo AB said its truck sales fell 10% first five months of the year, as U.S. deliveries plunged after stricter emissions standards made trucks more expensive, Bloomberg reported.

June 25, 2007
Business, Safety, Government

Online Map Shows TSE Network

The Texas Transportation Institute has put an interactive map online showing where truck stop electrification units are located nationwide.

June 25, 2007
Government, Business, Safety, Fuel, Logistics

So. Calif. Emissions Rules Could Boost New Truck Sales

A push for lower emissions from heavy-duty trucks, coupled with grants from state and localities in order to meet Southern California’s air-quality standards, are prompting interest in and sales of new trucks in the region, the Long Beach Press-Telegram reported Monday.

June 25, 2007
Business, Government

Existing Home Sales Drop 0.3%

Existing homes sales fell in May to the lowest level in four years, while the median home price dropped for a record 10th consecutive month, the Associated Press reported.

June 25, 2007
Government, Business, Safety

Ala. Court Overturns Truck Tax Assessed for In-State Use

An Alabama appeals court ruled Friday that a trucking company with headquarters in the state should not have been required to pay more than $900,000 in state use tax for trucks that were originally delivered to a terminal in Ohio, a state appeals court ruled Friday, the Associated Press reported.

June 25, 2007
Business, Government

Investors Wait for Economic Growth to Reignite Trucking

Investors in trucking stocks, who watched share prices fall in the second half of 2006 and rebound this spring, are now waiting for a verdict on the U.S. economy.

June 25, 2007
Fuel, Business

Senate Seeks Mileage Study Before Setting Truck CAFE

The Senate last week weakened legislation that would have set mileage standards for heavy trucks, instead ordering an 18-month study of large-truck fuel economy before the government can set such standards.

June 25, 2007