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.
Opinion: The Hidden Cost of Extended Idling
You don’t have to be a diesel mechanic to know that extended idling is bad for business. Frequent or prolonged idling increases emissions, wastes fuel and puts unnecessary wear on your engine. That’s why, due in large part to increasingly strict emissions standards, the trucking industry has seen a dramatic increase in idle-reduction technologies.
January 9, 2017Editorial: Welcome to TRB
Twelve thousand people from around the world are so devoted to transportation, in all of its many forms, that they are traveling to Washington, D.C., this week to participate in the 96th annual meeting of the Transportation Research Board.
January 9, 2017Diesel Gains 4.6¢ to $2.586, Highest Price Since Aug. 2015
The U.S. average retail price of diesel climbed 4.6 cents to $2.586 a gallon, according to the Department of Energy on Jan. 3, pushing diesel to a nearly 17-month high amid volatile crude oil prices.
Shippers, Carriers Race to Prepare for April Start of Federal Food Safety Modernization Regulation
With the April compliance date for the federal government’s new food transportation safety rule fast approaching, regulators are preparing to clamp down on bad actors in the food supply chain.
Nonbank Lending Rises in Late 2016; Truckers Struggle for Traditional Loans
Nontraditional bank lending to trucking companies picked up moderately in the second half of 2016 as fleets sought to survive during a sluggish freight market, according to lenders with exposure in transportation financing.
Oil Group Campaigns to Roll Back Rules In First 100 Days of Trump Presidency
WASHINGTON — The American Petroleum Institute will pursue an aggressive policy agenda during the first 100 days of the incoming administration of President-elect Donald Trump and his four-year term, the trade group’s president said here during the organization’s annual State of American Energy event.
Rhode Island, Maryland, Idaho Seek Grants From DOT for Infrastructure Improvements
Transportation officials from Rhode Island, Maryland and Idaho were among the applicants seeking federal grants to help pay for improvements to critical freight corridors in their states.
FMCSA to Unveil 2017 Agenda at TRB
The Federal Motor Carrier Safety Administration’s agenda for the new year will be unveiled on the third day of the Transportation Research Board’s annual conference in Washington this month.
N.Y. Teamster Drivers Balk at Proposed Pension Cuts
The U.S. Treasury received nearly 700 comments before a Dec. 21 deadline on a proposal from the New York State Teamsters Conference Pension and Retirement Fund to reduce benefits to 34,629 active workers and retirees beginning this summer.
Intermodal Shipments Drop 1.6% in 2016; Downturn Ends 4 Years of Record Growth
For the first time since 2009, the number of container and trailer units transported on intermodal rail fell on a year-over-year basis, according to 2016 totals from the Association of American Railroads.