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

House Bill Would Resurrect Tax Break That Helped Spark Truck Sales in 2011

A bill that would extend a tax break credited with helping spur trucks sales last year has been introduced in the U.S. House of Representatives.

March 26, 2012
Business

Food Safety Rules Likely to Affect Reefer Fleets, but Bigger Burden Will Hit Shippers, Experts Say

New federal food safety regulations will bring new requirements to refrigerated trucking fleets, although many of the rules — which will not affect carriers directly — simply could reflect current best practices in the industry, according to manufacturers and experts.

March 26, 2012
Business, Fuel

Natural Gas Takes Center Stage at Mid-America

LOUISVILLE, Ky. — The nation’s largest annual trucking show here last week illustrated just how much the U.S. truck market has been reinvigorated, as more-prosperous equipment manufacturers eagerly chased the business of solid, stable motor carriers.

March 26, 2012
Business

FMCSA to Raise Hazmat Oversight

LOUISVILLE, Ky. — The Federal Motor Carrier Safety Administration has decided to raise the importance of hazmat handling under its new safety rating program, while it will reduce the emphasis on load securement.

March 26, 2012
Business

UPS to Acquire TNT Express, Double European Presence

UPS Inc. last week announced its largest-ever acquisition, a $6.8 billion deal to buy Dutch package carrier TNT Express NV.

March 26, 2012
Business

Highway Bill Battle Continues as House GOP, Dems Spar

House Republicans last week tried to whip up enthusiasm for a ninth temporary extension of federal transportation funding, while House Democrats moved to get the Senate’s two-year reauthorization bill on the floor for debate.

March 26, 2012
Business, Safety, Autonomous

Outlook Positive for Trucking, Manufacturers on Inventory Rebuilding, Economists Say

COLUMBUS, Ind. — Growth in North American sales will lead the global truck-making industry this year, as U.S. fleets are prospering along with their shipper customers in the manufacturing sector, economists said.

March 26, 2012
Business

FedEx Reports $521 Million Profit; Loss at Freight Division Shrinks

FedEx Corp. said net income for its fiscal third quarter more than doubled to $521 million from $231 million, which included a sharply lower loss at FedEx Freight.

March 26, 2012
Business, Fuel

U.S. Distillate Exports Rising, Even as Diesel Reaches $4.142

Even as U.S. diesel prices rose last week to the highest levels since 2008, the United States is continuing to export more of the fuel overseas, according to Department of Energy figures.

March 26, 2012
Business, Logistics

Intermodal Traffic Rises 2% for Week

U.S. intermodal traffic increased 2% for the week ended Saturday from a year ago, the Association of American Railroads said.

March 23, 2012