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.
Colorado Drillers Face Tougher Rules Under New Reforms
Colorado’s Legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions.
Fortistar Acquires Landfills for Renewable Natural Gas
Clean energy supplier Fortistar, in partnership with financial company Ares Capital Corp., announced it acquired two landfill renewable natural gas facilities in western Pennsylvania from EDF Renewables North America.
April 5, 2019Editorial: Starting the Clock on HOS Reform
The Department of Transportation has taken an important first step in potential reform of the hours-of-service rules that regulate how much time truck drivers can spend behind the wheel, and we’re glad to see it.
April 4, 2019Old Dominion Freight Line Unveils Interactive Signage at Mets’ Citi Field
Old Dominion Freight Line is upping its advertising game this season with the New York Mets. The company partnered with Chicago-based Czarnowski to create a three-dimensional replica of an ODFL tractor-trailer at Citi Field.
Three Former Roadrunner Executives Charged With Fraud
The Securities and Exchange Commission has formally charged the former chief financial officer and two of his associates at Roadrunner Transportation Systems with accounting fraud and misleading investors about the company’s financial results.
OOIDA-Backed Lawsuit Over Pennsylvania Turnpike Tolls Dismissed
The U.S. District Court for the Middle District of Pennsylvania on April 4 dismissed the Owner-Operator Independent Drivers Association’s class-action lawsuit claiming the state lets the Pennsylvania Turnpike Commission collect “excessive” tolls, hampering interstate commerce.
Cynosure Invests in Visible Supply Chain Management
Visible Supply Chain Management has received an unspecified equity investment in its business from The Cynosure Group, an investment firm controlled by the Eccles family in Salt Lake City, according to a statement released April 3.
Federal Judge in New Orleans Dismisses Alleged ‘Staged Accident’ Lawsuit
At the request of the plaintiffs, a federal judge in New Orleans dismissed a civil lawsuit April 8 involving a truck accident that was similar to numerous others that the trucking company defendants said are under investigation by federal law enforcement for being staged by the alleged victims.
Trump Threatens Car Tariffs on Mexico Over Drug Flow Across Border
President Donald Trump retreated from threats to immediately close the border with Mexico over migration, instead abruptly pivoting April 4 to a new demand: that the Mexican government stop the flow of illegal drugs into the U.S. within a year or face car tariffs.
Carmakers Sell More to Rental Companies as Retail Demand Weakens
Stronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume.
April 4, 2019