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.

Government, Business, Safety, Logistics

California Reefer Rule Illegal, ATA Tells Court

California’s transport refrigeration unit rule illegally imposes a national requirement on all motor carriers that enter the state, attorneys for American Trucking Associations and the Truckload Carriers Association told a federal appeals court.

May 18, 2009

EDI for Trucking: Everything You Need to Know

Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.

Business

Volvo Sets Agreement With UAW on Mack Retirement Fund

Mack Trucks parent company Volvo AB has reached agreement with the United Auto Workers to create an independent trust responsible for the health care of Mack retirees, the Associated Press reported Monday.

May 18, 2009
Business, Government

Annual Roadcheck Event Set for June 2-4

Some 10,000 inspectors will be deployed across Canada, Mexico and the United States June 2-4 as part of the Commercial Vehicle Safety Alliance’s annual Roadcheck event.

May 18, 2009
Business, Safety, Government

Trimac Reports First-Quarter Loss

Canada-based transportation firm Trimac Income Fund said it lost C$700,000 in the first quarter, or 5 cents per unit, compared with a profit of C$600,000, or 2 cents, a year ago.

May 18, 2009
Business, Logistics, Government

Gasoline Jumps a Quarter In Three Weeks to $2.30

The national average price of regular gasoline jumped 25 cents over the past three weeks to $2.30 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

May 18, 2009
Letters to the Editor, Business

Letters: Facing Core Changes, After the Recession, Safety Hotlines

I have just finished reading the article “Trucking Faces Core Changes, Hebe Says.” I am not usually a man of few words, but the only thought that comes to mind at the moment is “hogwash!”

May 18, 2009
Editorial, Business

The Half-Full Glass

Ever so slowly, less-bad economic news — and even some good news — is beginning to pop up among the seemingly never-ending crop of troubling news that you have been seeing in this newspaper every week for about a year.

May 18, 2009
Business, Government, Safety, Fuel

Trucking Hit by ‘Perfect Storm,’ Hebe Says

SAN DIEGO — A “perfect storm” of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.

May 18, 2009
Business, Government, Safety, Fuel

EPA’s Record Budget Plan Spurs Debate in Congress Over Carbon Emissions

Details of the Environmental Protection Agency’s record $10.5 billion fiscal 2010 budget proposal — a 37% increase — quickly set off a partisan debate in Congress last week over the agency’s plans to regulate greenhouse gas emissions.

May 18, 2009
Business, Safety, Government

Gasoline Price Soars 16.2¢

The average price of retail gasoline soared last week, jumping 16.2 cents a gallon to a U.S. average of $2.24, leapfrogging diesel, which rose 3.1 cents to $2.216. Gasoline prices exceeded diesel for the first time in nearly two years.

May 18, 2009