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

Fleets Face Uncertain Outlook as Freight Continues to Fall

Evidence is accumulating that freight volumes are falling significantly and that the traditional fourth-quarter peak was all but nonexistent, although analysts and fleet executives remain unsure of what will happen in the first half of the new year.

Jonathan S. Reiskin | Associate News Editor
January 12, 2007
Business, Fuel

Crude Oil Plunges to Close Trading at Below $52 a Barrel

Crude oil closed at below $52 a barrel Thursday for the first time in 19 months after a report showed that U.S. fuel consumption plunged to the lowest since April 2004, Bloomberg reported.

January 11, 2007
Business, Government, Safety

FMCSA Proposes Mandatory EOBRs for Habitual Violators

WASHINGTON — The Federal Motor Carrier Safety Administration proposed a rule Thursday to mandate the use of electronic onboard recorders for habitual violators of federal hours-of-service rules.

Sean McNally | Staff Reporter
January 11, 2007
Business, Logistics, Autonomous

RoadLink USA Buys Intermodal Firm Transus

Intermodal and logistics firm RoadLink USA said Thursday that it has acquired Transus Intermodal, an intermodal trucking services company.

January 11, 2007
Business

Initial Jobless Claims Drop 26,000 for Week

First-time U.S. jobless claims fell by 26,000 last week to 299,000, the Labor Department said Thursday.

January 11, 2007
Business, Safety, Government, Equipment, Autonomous

ArvinMeritor to Develop Diesel-Electric Drivetrain for Wal-Mart

Trucking component maker ArvinMeritor and Wal-Mart Transportation have agreed to develop a dual-mode, diesel-electric drivetrain for a Class 8 tractor, the two said.

January 11, 2007
Business, Fuel, Government

Schwarzenegger Orders Calif. to Further Cut Fuel Emissions

California Gov. Arnold Schwarzenegger (R) plans to ask state regulators to require the state’s petroleum refiners and gasoline sellers to cut greenhouse-gas emissions by 10%, the New York Times reported Wednesday.

January 10, 2007
Business, Government, Autonomous

Trucking-Related Revenue Rose to $292 Billion in ’05

Trucking, couriers and messengers, and warehousing and storage revenue reached $292 billion in 2005, up from $266 billion the year before, the U.S. Census Bureau reported.

January 10, 2007
Business, Government, Autonomous

Paccar to Build $400 Mln. Powertrain Plant in Southeastern U.S.

Paccar Inc., the parent company of Kenworth Truck Co. and Peterbilt Motors Co., said late Tuesday it plans to build a new $400 million powertrain manufacturing plant in the southeastern United States.

January 10, 2007
Business, Government

Wholesale Inventories, Sales Gain for November

Wholesale inventories jumped 1.3% in November as sales rebounded from two consecutive declines, rising 1%, the Commerce Department said Wednesday.

January 10, 2007