Business
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.
Trucking ‘Fairly Optimistic’
PHOENIX — Trucking executives meeting here last week said they were cautiously optimistic that despite a sluggish economy and regulatory and political uncertainties, the industry was poised to emerge from the doldrums it has been in for several years.
October 25, 2010CO2 Rule to Pose Few Hurdles in Initial Round, OEMs Predict
PHOENIX — Truck and engine makers said that they expect to encounter few obstacles meeting the first round of anticipated new federal fuel efficiency and carbon dioxide standards for heavy-duty trucks expected to become effective in 2014.
October 25, 2010Economy to Continue Growing Slowly, But Fleets Should Prosper, Panel Says
PHOENIX — The U.S. economy will skirt a second round of recession, although growth will probably remain sluggish for at least three quarters, a team of economic forecasters told members of American Trucking Associations.
October 25, 2010EPA to Revise Guidance on SCR Truck Engines
WASHINGTON — The Environmental Protection Agency is revisiting its guidance for selective catalytic reduction technology in heavy-duty trucks as a result of a court settlement with Navistar Inc. earlier this year, an agency official said last week.
October 25, 2010Tanker Wetlines Rule Advances
PHOENIX — The Pipeline and Hazardous Materials Safety Administration sent its new proposed “wetlines” regulation to the White House Office of Management and Budget on Oct. 15 for review.
October 25, 2010Diesel Average Rises 0.7¢ to $3.073 a Gallon for Fifth Increase in Six Weeks, DOE Says
The U.S. retail diesel and gasoline averages both rose again last week, the Department of Energy reported, but the increases slowed as crude oil prices continued a recent slide.
October 25, 2010Intermodal Freight Volumes Remain Strong, Contributing to Strong 3Q Railroad Profits
The intermodal business is making a solid contribution to third-quarter rail profits, as volumes remain strong through the fall peak season for domestic freight, industry officials said.
October 25, 2010UPS’ Third-Quarter Net Income Soars 80%
UPS Inc. said Oct. 21 its third-quarter net income jumped 80% to $991 million from a year earlier, on the strength of higher rates and rising profits for domestic and international packages.
October 25, 2010YRC Posts Improvement in Quarterly Results
YRC Worldwide Inc.’s third-quarter financial results improved on both a year-over-year basis and from the second quarter of 2010, the less-than-truckload company said last week, reporting that tonnage improved and operating losses declined.
October 25, 2010ATA Seeks Financial Support for Capitol Hill Office
PHOENIX — To pay down some of the debt incurred to build its new Capitol Hill office complex, American Trucking Associations is offering members the chance to purchase commemorative pavers on the building’s rooftop patio.
