Trucking Business News

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.

Business

Buffett’s Berkshire Hathaway Buys 10.9% Stake in BNSF

Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has bought acquired a 10.9% stake in Burlington Northern Santa Fe Corp., becoming the railroad’s largest shareholder, news services reported Monday.

April 9, 2007
BusinessSafetyGovernmentLogistics

Pacer Sets Debt-Removal Plan

Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.

April 9, 2007
BusinessGovernmentAutonomous

Chinese Truck Maker Plans Overseas Public Listing

A Chinese truck company plans to transfer its entire stake in its China-based unit to a Hong Kong-based subsidiary in an $845 million deal, paving the way for an overseas listing of that country’s third-largest truck marker, Bloomberg reported.

April 9, 2007
BusinessGovernmentEquipmentAutonomous

Tire Makers Raising Prices

At least five major tire manufacturers said they are raising prices on their medium- and heavy-duty truck tires by 3% to 5%, with most citing the rising cost of raw materials as the reason.

April 9, 2007
BusinessAutonomous

Truck Dealers Upgrade Technology

Listening to Pam Hall describe her new building, you could mistake it for a cutting-edge technology company.

April 9, 2007
BusinessGovernmentSafetyFuelAutonomous

Greenhouse Ruling Could Raise Costs

The Supreme Court’s ruling that the EPA must reconsider its position to leave “greenhouse gas” emissions from motor vehicles unregulated could lead to increased costs for trucking companies.

April 9, 2007
BusinessFuelGovernment

Diesel Jumps 11.4¢ to $2.79 a Gallon

The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.

April 9, 2007
BusinessFuelGovernmentSafety

FedEx Buys Air Cargo Firm

FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.

April 6, 2007