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

Trucking Officials Blast FMCSA Over Crash-Fault Review Delay

The Federal Motor Carrier Safety Administration’s last-minute decision to delay its highly anticipated review of how it assigns fault in truck-related crashes has seriously damaged the agency’s credibility with the trucking industry, according to some industry officials.

March 19, 2012
Business

February Heavy-Duty Truck Sales Soar 58.8%

U.S. heavy-duty truck sales continued to surge in February, as fleets and owner-operators bought 15,418 Class 8s, a 58.8% jump over the 9,712 sold a year earlier, WardsAuto.com reported March 12.

March 19, 2012
Business, Government

TCA’s New Leader, Robert Low, Eager to Improve Driver Health

Prime Inc. President Robert Low puts his commitment to improving truckers’ health on the line at lunchtime, playing full-court basketball with co-workers.

March 19, 2012
Business

Mexican Truckers Are Improperly Exempt From U.S. Certifications, OOIDA Claims

The federal government’s program allowing Mexican trucks into the country improperly exempts Mexican truckers from regulations concerning licenses, medical certification and drug testing, an advocacy group told a federal court last week.

March 19, 2012
Business

Engine Makers Blast EPA Over Navistar Penalties

Heavy-duty engine manufacturers blasted the U.S. Environmental Protection Agency last week for allowing Navistar Inc. to pay penalties to sell engines that do not comply with 2010 emissions standards, saying the agency did not follow the law in determining the penalties.

March 19, 2012
Business, Autonomous

Carrier Says Truck Fire Probably Caused by Defect in Detroit Diesel Engine

At least one major motor carrier said it had a truck fire related to a defect in Detroit Diesel engines that was the subject of a recent recall, but other fleets using the Detroit engines made by Daimler Trucks North America either didn’t comment or said they had not experienced problems.

March 19, 2012
Business, Fuel

Diesel Jumps 2.9¢ to $4.123; Gasoline Rises 3.6¢ to $3.829

Diesel prices continued to climb, as the national average price rose by 2.9 cents to $4.123 a gallon last week, according to the Department of Energy.

March 19, 2012
Business, Fuel

Oil Finishes Week Over $107

Oil rose almost $2 Friday to finish the week over $107 a barrel, on signs that the U.S. economy was rebounding, Bloomberg reported.

March 16, 2012
Business, Logistics

Intermodal Traffic Rises 4.2% for Week

U.S. intermodal traffic rose 4.2% for the week ended Saturday from a year ago, the Association of American Railroads said.

March 16, 2012
Business, Logistics

XPO Logistics Boosts Stock Offering

XPO Logistics said it has commenced a $126 million public offering of 8 million shares of its common stock.

March 16, 2012