Trucking Business News

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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.

GovernmentBusinessSafetyFuel

Diesel Slips for Second Week; Gasoline Average Tops $4 a Gallon

The U.S. diesel average inched downward for the second consecutive week, dipping 1.5 cents to $4.692 a gallon, while gasoline topped the $4 mark for the first time ever, the Department of Energy reported.

June 16, 2008
BusinessFuelEquipment

Caterpillar to Exit Class 8 Engine Market After 2010

Caterpillar Inc., which said Thursday it has signed an agreement to develop a heavy-duty truck with Navistar International Corp., said it would not develop and sell engines that meet 2010 emissions standards to other truck original equipment manufacturers.

June 13, 2008
BusinessGovernment

Volkswagen Gets EU Approval to Buy Scania

Volkswagen AG has gained antitrust approval from European regulators to buy a controlling stake in Swedish truck and bus maker Scania AB, Bloomberg reported Friday.

June 13, 2008
BusinessGovernment

CPI Rises 0.2% in May

The consumer price index rose 0.6% in may, the Labor Department said Friday.

June 13, 2008
BusinessGovernment

Consumer Confidence Falls to 28-Year Low

U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

June 13, 2008
BusinessSafety

Rail, Intermodal Traffic Decline

Rail and intermodal traffic fell for the week ended Saturday compared with the same week a year ago, the Association of American Railroads said.

June 12, 2008
BusinessGovernment

Retail Sales Jump 1% in May

Retail sales jumped 1% in May, the Commerce Department said Thursday.

June 12, 2008
Business

Jobless Claims Jump 25,000 for Week

Initial jobless claims jumped 25,000 last week, the Labor Department said Thursday.

June 12, 2008
BusinessSafety

Share the Road Drivers Visit N.Y. Motorcycle Rally

American Trucking Associations’ Share the Road safety program tractor-trailer rode into Lake George, N.Y., last week for a three-day safety demonstration to motorcycle riders.

June 12, 2008
BusinessFuel

Oil Jumps $5 to Top $136 a Barrel

Oil jumped $5 to more than $136 a barrel Wednesday following a Department of Energy report that showed crude inventories fell more than expected last week, Bloomberg reported.

June 11, 2008