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, Fuel

ATRI: ULSD Has More Energy Than Engineers First Expected

Ultra-low-sulfur diesel, the standard fuel of heavy-duty trucking since late 2006, has more energy content than engineers originally had expected, a welcome surprise, according to a study from the American Transportation Research Institute.

January 26, 2009
Business, Safety, Technology, Government

Former ATA Chairman Kuntz Joins SkyBitz Board

Ray Kuntz, immediate past chairman of American Trucking Associations, has joined the board of directors at trailer tracking firm SkyBitz, the company said Monday.

January 26, 2009
Business, Government, Equipment

Eaton’s Fourth-Quarter Income Declines

Vehicle parts manufacturer Eaton Corp. said Monday its fourth-quarter profit fell to $163 million, or 98 cents per share, from $256 million, or $1.71, a year earlier.

January 26, 2009
Government, Business, Safety, Fuel

Obama Signs Order for EPA to Allow Stricter Auto Emissions Rules

President Obama Monday signed an order directing the Environmental Protection Agency approve a waiver for California and 13 other states to set stricter automobile emission and boost fuel efficiency standards.

January 26, 2009
Business, Logistics, Government

Existing Home Sales Rise in November

Existing homes sales increased 6.5% in November, while the median price of a home fell 15% from the same month last year, the biggest drop on record, the National Association of Realtors said Monday.

January 26, 2009
Business

Caterpillar’s 4Q Profit Drops; Plans to Cut 20,000 Jobs

Heavy equipment and diesel engine maker Caterpillar Inc. said Monday its fourth-quarter profit fell 32% and that it would cut 20,000 jobs worldwide.

January 26, 2009
Business

MAN AG Plans Production Suspensions

MAN AG, a German manufacturer of commercial vehicles, plans to suspend truck production for a total of 70 days in the first half of this year, Bloomberg reported.

January 26, 2009
Business, Logistics, Government

Gas Gains 8¢ in Two Weeks to $1.86, Lundberg Says

Gasoline’s national average price rose 8 cents over the two weeks ended Friday to $1.86 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

January 26, 2009
Business, Safety, Government

LaHood Backs Partnerships, Tolls on New Highway Lanes

WASHINGTON — Ray LaHood, President Obama’s choice to lead the Department of Transportation, said tolls and public-private partnerships should be among the ways Congress funds infrastructure construction, but existing interstate highway lanes should remain toll-free.

January 26, 2009
Business, Fuel, Government

Fueling Station Operators Offer Few Details On How They Will Sell Diesel Exhaust Fluid

Most new heavy-duty trucks sold in the United States and Canada, beginning when 2010 models are introduced, will use selective catalytic reduction technology to cut emissions, which will require the addition of a new fluid to work properly. And truck stops throughout the nations are trying to prepare to meet the demand for this new product.

January 26, 2009