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.
CARB Begins Enforcing State’s Idling Law
California environmental regulators said they are beginning to enforce the state’s five-minute idling limit for diesel-fueled commercial vehicles, including those with sleeper cabs.
October 20, 2008ASTM International OKs Biodiesel Standards
Engineering standards group ASTM International published four new final standards for biodiesel on Oct. 13.
October 20, 2008Leading Economic Indicators Improve in September
An index of leading economic indicators improved in September, the New York-based Conference Board said Monday.
October 20, 2008Eaton Reports Higher 3Q Income; Cuts ’08 Forecast
Vehicle parts manufacturer Eaton Corp. said Monday its third-quarter net earnings rose, but the company cut its full-year forecast due to economic conditions.
October 20, 2008Class 8 Sales Rise in September, But Orders Drop Dramatically
Heavy-duty truck sales in the United States grew for the fourth straight month in September, but year-to-date results remained weak and the recent national economic chaos led to a sharp drop in new orders during September.
October 20, 2008Daimler to End Sterling Brand, Close Plants, Cut 3,500 Jobs
Daimler AG, citing a “fundamental change” in the heavy-duty vehicle market, will drop its Sterling Trucks brand and cut North American production capacity 20% by closing two factories, including its one-time flagship plant in Portland, Ore., the company’s top executive said last week.
October 20, 2008Fleets Find Higher Costs, Uncertain Life Cycles
Six years after the first generation of Environmental Protection Agency-compliant diesel engines was introduced, fleet operators said there is little doubt the cleaner-burning engines cost more to maintain and operate.
October 20, 2008YRC Swaps Stock for Debt
Less-than-truckload carrier YRC Worldwide issued new shares of common stock and used the issue to buy back debt in an effort to save about $600,000 a year in interest payments, Bloomberg reported Friday.
October 17, 2008UPS Sets 5.9% LTL Rate Hike for 2009
UPS Inc. said Friday it has set a 5.9% rate increase for its less-than-truckload unit, UPS Freight, for 2009.
October 17, 2008Consumer Sentiment Index Shows Record Decline
U.S. consumer confidence rose this month compared with August but was down slightly from a preliminary reading two weeks ago, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
October 17, 2008