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, Government

3 Trucking Execs to Serve on National Freight Panel

Trucking executives are among the dozens of transportation experts who have been selected to help shape a national vision for freight movement.

June 10, 2013
Business

Truck Orders Stay Strong

Orders for new, heavy-duty North American trucks rose nearly 30% in May above the same month last year, according to two industry reports.

June 10, 2013
Business

Volvo to Offer New Alt. Fuel For Its Heavy Trucks in 2015

SACRAMENTO, Calif. — Volvo Trucks said it will begin selling Class 8, over-the-road trucks powered by dimethyl ether starting in 2015.

June 10, 2013
Business

Tight Capacity, Govt. Actions Push Produce Freight Rates Up

Produce shipments are being squeezed by capacity constraints and government actions, driving up rates as market demand builds toward the usual late-June peak, according to industry officials.

June 10, 2013
Business

Inspectors Cast Wide Net at Roadcheck Safety Blitz

LANDOVER, Md. — Driver Paul Miller sat in the cab of his big rig parked in a FedEx Field lot here June 4, chomping on a cigar and looking a little dejected as mechanics feverishly worked to repair his blown trailer wheel seal.

June 10, 2013
Business

Three LTLs Up Rates 5.9%, Push Effective Dates 6 Weeks

Three of the largest less-than-truckload carriers recently announced 5.9% rate increases, continuing a trend of accelerating the timing of rate adjustments.

June 10, 2013
Business, Fuel

Diesel Prices Slip 1.1¢ to $3.869 as U.S. Crude Production Jumps

U.S. diesel prices dipped for a second week, declining 1.1 cents a gallon to $3.869 at the same time domestic crude production outpaced imports for the first time in more than 16 years, the Department of Energy reported.    

June 10, 2013
Business

Trucking Jobs Slip by 700 as Unemployment Rate Little Changed at 7.6%

Trucking lost 700 jobs in May as the U.S. unemployment rate was relatively unchanged at 7.6%, the Labor Department said Friday.

June 7, 2013
Business

Volvo Unveils Plans to Use DME as Trucking Fuel

Volvo Trucks officials said Thursday the company will begin selling Class 8, over-the-road trucks powered by dimethyl ether beginning in 2015.

June 7, 2013
Business

Old Dominion Increases 2Q Tonnage Outlook

Old Dominion Freight Line said it has increased its expectations for second-quarter tonnage growth, to 5% to 5.5% from a year ago, up from its previous guidance of 4.5% to 5% growth.

June 7, 2013