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.
FleetCor Boosts CEO Ron Clarke’s 2017 Pay 79% to $52.6 Million
FleetCor Technologies Inc. gave CEO Ron Clarke a 79% raise, lifting his compensation to $52.6 million for 2017, the same year investors upbraided the company for paying him too much.
Wholesale Prices in US Climb More Than Forecast in March
U.S. wholesale prices advanced in March by more than forecast, reflecting broad increases in the costs of services and goods, a Labor Department report showed April 10 in Washington.
April 10, 2018Investors, Fleets Back Video-Based Telematics
A pair of recent events helped underscore the key role video is playing in fleet operations: Lytx, a video telematics provider, received a $700 million capital infusion from private equity firms; and Penske Logistics launched a video-based safety program in 2,800 of its heavy-duty trucks in its North America operations using equipment from SmartDrive Systems.
Canada Stresses Technology to Facilitate Cross-Border Freight
The movement of cargo offers vast possibilities for technological innovation, according to Canadian Minister of Transport Marc Garneau.
FMCSA Grants Fuel Tank Drivers 5-Year Rest-Break Exemption
The Federal Motor Carrier Safety Administration has granted a five-year exemption from the 30-minute rest-break requirement for trucks hauling petroleum products and will allow fuel trucks to operate 12 hours a day without triggering the requirement under certain conditions.
US Agencies Agree to Slash Approval Times for Infrastructure Projects
More than a dozen federal agencies agreed to slash the time needed for environmental reviews and permitting on major infrastructure projects, a cornerstone of President Donald Trump’s infrastructure plan.
Diesel Average Essentially Flat, Rising Just 0.1¢ to $3.043 a Gallon
The U.S. average retail price of diesel rose 0.1 cent to $3.043 as oil remained near $63 a barrel amid ongoing uncertainty over a U.S. trade war with China.
Oil-Services Investors Unmoved by Latest US Sanctions on Russia
Investors of the world’s biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.
PennDOT Chief Outlines Temporary Rules for Testing Self-Driving Cars
Pennsylvania will ask Uber Technologies Inc. and any company developing self-driving cars with the same technology onboard to immediately stop testing.
Capitol Agenda for the Week of April 9: Political Football
The chances of advancing an infrastructure funding policy measure through Congress this year have worsened. Rep. Joe Crowley (D-N.Y.) emphasized on Fox News Sunday on April 8 the Democrats’ “Better Deal” includes an infrastructure vision quite different from that of President Donald Trump. A look at the week ahead for trucking on Capitol Hill.