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

U.S. Heavy-Duty Fleet Expands at Fastest Rate Since Late 2009

The nation’s heavy-duty truck fleet grew in the first quarter for only the second time over the past 30 months, climbing 0.37% to 3.53 million vehicles registered on March 31.

May 28, 2012

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Business, Technology

Automation and Data-Management Tools Seen Benefiting Fleets, Logistics Providers

PRINCETON, N.J. — Transportation companies are using automation and data management technology to streamline procedures that used to be complex or labor intensive, trucking and logistics leaders said.

May 28, 2012
Business, Government, Safety, Autonomous

Fleet Finance, IT Managers Set Joint Meeting; Will Explore Efficiency, Looming Tax Changes

Trucking managers in information technology and finance will meet jointly in Tampa, Fla., next month to explore opportunities for efficiency improvement through IT and strategies for handling significant tax changes expected at the end of 2012.

May 28, 2012
Business, Government, Safety, Autonomous

ATA Wants Bigger Trucks, HOS Study in Highway Bill

Bigger trucks and a field study of the hours-of-service restart provision are among items American Trucking Associations said it wants included in any highway bill that emerges from the House-Senate conference committee weighing the legislation.

May 28, 2012
Business, Fuel

Volvo Trucks to Introduce LNG Engine for Its Over-the-Road Vehicles in 2014

MIAMI BEACH — Volvo Trucks said it intends to introduce a liquefied natural gas engine for its heavy-duty over-the-road vehicles in 2014, which company officials hailed as the next step in the industry’s quickly evolving move toward natural gas as a primary fuel.

May 28, 2012
Business, Fuel

Diesel Average Declines 4.8¢ to $3.956; First Time Below $4 Since February

The national average price for a gallon of retail diesel dipped below $4 last week for the first time since Feb. 20, after pump prices countrywide declined 4.8 cents, according to the Department of Energy.

May 28, 2012
Business, Logistics

Intermodal Traffic Rises 3.1% for Week

U.S. intermodal traffic rose 3.1% for the week ended Saturday from a year ago, the Association of American Railroads said.

May 25, 2012
Business

Delphi Seeking to Buy FCI Division

Vehicle components maker Delphi Automotive said it has entered “exclusive negotiations” to purchase FCI Group’s Motorized Vehicles Division for 765 million euro (about $972 million).

May 25, 2012
Business

FMCSA Eases Empty-Tank Endorsement Rule

The Federal Motor Carrier Safety Administration said it will not require drivers who transport storage container tanks that are empty or contain residue to obtain tank truck hazardous materials endorsements.

May 25, 2012
Business, Government, Logistics

Consumer Confidence Reaches Highest Since 2007

Consumer confidence rose in May to the highest level in nearly five years, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

May 25, 2012