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

Truck Tonnage Rises 5.7% in October

Truck tonnage rose 5.7% in October from a year ago, the 23rd consecutive month of year-over-year growth, American Trucking Associations said Tuesday.

November 22, 2011
Business, Fuel

Diesel Tops $4 for First Time Since May; Gasoline Drops 6.8¢ to $3.368 a Gallon

Diesel rose 2.3 cents to $4.01 a gallon, the first time it has topped $4 in more than six months, the Department of Energy reported.

November 22, 2011
Business

LaHood Hits Deficit Panel

U.S. Transportation Secretary Ray LaHood said the nation could face cuts in transportation infrastructure funding after the Congressional supercommittee’s failure to reach an agreement on deficit reduction.

November 22, 2011
Business, Logistics

ABF Eyes Acquisition, New Services, Incoming President Slagle Says

ATLANTA — ABF Freight System is evaluating the addition of new service offerings and a possible acquisition at the corporate level, the incoming president of the less-than-truckload carrier said here last week.

November 22, 2011
Business

Washington DOT Keeps Authority to Set Toll Rates

The Washington State Department of Transportation will continue to be allowed to set toll rates without legislative approval after voters narrowly rejected a measure that would have restricted toll changes.

November 22, 2011
Business, Logistics

FedEx Orders 100 New Step-In Vans

FedEx Express said it has purchased 100 Reach model walk-in vans with composite materials made by Isuzu Commercial Truck of America and bodybuilder Utilimaster Corp.

November 22, 2011
Business

Hoffa Wins Third Term as Teamsters’ President

James Hoffa was re-elected to another five-year term as head of the Teamsters union, winning about 60% of the vote, the union said on its website.

November 21, 2011
Business

Existing Home Sales Rise in October

Existing home sales rose 1.4% in October, the National Association of Realtors said Monday.

November 21, 2011
Business

California Amends Drayage Rule

The California Air Resources Board said it has amended its port drayage regulation to include Class 7 trucks and make “dray-off” illegal.

November 21, 2011
Business

Daimler, MAN Step Up China, India Presence

Daimler AG and MAN SE have stepped up their presence in China and India, respectively, Bloomberg reported Monday.

November 21, 2011