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

ATA Urges DOT to Reject Virginia I-95 Tolls

American Trucking Associations is urging the U.S. Department of Transportation to reject an application by the Commonwealth of Virginia to toll I-95.

August 29, 2012

TT Podcasts: RoadSigns

Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.

Business

Eaton, DOE Fund Project to Develop Smaller Batteries for Hybrids

Components maker Eaton Corp. said it is developing a power control system to reduce battery size, with a focus on hybrids including both passenger cars and commercial vehicles.

August 29, 2012
Government, Business

NAFTA Surface Trade Rises 6.6% in June

Surface trade among the United States, Canada and Mexico rose 6.6% in June from a year ago, the Department of Transportation said Tuesday.

August 29, 2012
Business

New Orleans Cargo Operations Shut as Isaac Closes In on City

Cargo operations around New Orleans have ground to a halt as Hurricane Isaac moves in on the city, and American Trucking Associations urged truck drivers and motorists to take appropriate precautions ahead of the storm.

August 28, 2012
Business, Fuel

Diesel Rises 6.3¢ to $4.089 in Eighth Gain; Gasoline Price Also Continues to Rise

Diesel rose 6.3 cents to $4.089 a gallon, its eighth straight gain and the highest price since mid-April, while gasoline rose again, the Department of Energy reported.

August 28, 2012
Business, Logistics

Consumer Confidence Declines in August

Consumer confidence fell in August by the most in 10 months, the New York-based Confidence Board said Tuesday.

August 28, 2012
Business

Volvo Exec Leaving Truck Division; Company Launching European Truck in September

Ron Huibers, Volvo Trucks’ president of sales and marketing in North America, is leaving the truck-making unit to become president of Volvo Penta Americas, which makes boat engines.

August 28, 2012
Business

Trucking Technology Likely to Be Affected by Wireless Capacity Crunch, Official Warns

MINNEAPOLIS — Trucking companies that rely on wireless technology to improve their operations soon could feel the effects of a looming “capacity crunch” facing the nation’s wireless carriers, an industry leader told truckers.

August 28, 2012
Business, Equipment

More Equipment Financed in 2011, Survey Says

Equipment financing activity within the trucking industry rose to $4.17 billion in 2011, a 3.5% gain from $4.03 billion in 2010, the Equipment Leasing and Finance Association reported.

August 28, 2012
Business

Navistar’s Ustian Steps Down

Navistar International Corp. said Monday that Chairman and CEO Daniel Ustian is retiring effective immediately, and that it has named an interim replacement.

August 27, 2012