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

Caterpillar Introduces Vocational Truck

LAS VEGAS — Caterpillar Inc. has introduced the CT660, the first in a line of Caterpillar-branded vocational on-highway truck models.

March 22, 2011
BusinessFuel

Diesel Drops for First Time Since November

Diesel slipped a tenth of a cent to $3.907 a gallon, its first drop since November, while gasoline also declined, the Department of Energy said Monday.

March 22, 2011
Business

Berkshire Hathaway to Buy Lubrizol

Berkshire Hathaway will acquire Lubrizol Corp., the world’s largest producer of lubricant additives, the companies said.

March 22, 2011
BusinessTechnologyEquipmentSafety

Xata Corp. Becomes a SkyBitz Reseller

Telematics and mobile communications provider Xata Corp., Eden Prairie, Minn., now resells trailer-tracking systems made by SkyBitz, the companies announced March 9.

March 22, 2011
GovernmentBusinessSafetyTechnologyEquipment

Washington State Supreme Court Ruling Locks in Lower Tax Rate for OmniTracs

Purchasers of Qualcomm Inc.’s OmniTracs system in Washington state dodged a tax hit following a March 10 decision about the legal classification of that system by the Washington Supreme Court.

March 21, 2011
Business

YRC’s Holland Unit to Hire 1,000 Drivers

YRC Worldwide’s Holland unit said Monday it plans to hire about 1,000 drivers this year.

March 21, 2011
Business

Persson to Succeed Johansson as Volvo’s CEO

Olof Persson will become CEO of Volvo AB as of Sept. 1, the truck maker said.

March 21, 2011
BusinessFuel

Gasoline Price Rise Slows, Lundberg Survey Says

Gasoline’s national average price slowed its gain, rising 6.7 cents over the past two weeks to an average $3.573 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

March 21, 2011
BusinessLogistics

Existing ºÚÁϳԹÏÍø Sales Drop to 9-Year Low

Existing home sales fell 9.6% in February to the lowest level since 2002, the National Association of Realtors said Monday.

March 21, 2011
BusinessFuel

Oil Rises to Near $103 a Barrel

Oil prices rose $2 early Monday to near $103 a barrel following weekend allied air strikes on Libya, Bloomberg reported.

March 21, 2011