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.
Natural-Gas Advocates Claim Victories in Phase 2 GHG Emissions Regulation
The Phase 2 greenhouse-gas emissions final rule gave natural-gas advocates victories in how the alternative fuel is handled and how emissions of methane are regulated, they said, even as the rule forecast little chance of natural gas becoming a major fuel source for heavy-duty trucks in the next decade.
Truck-Involved Crash Deaths Rise; Highest Total Since ’08, DOT Says
Fatalities in crashes involving large trucks rose 4.1% from 2014 to 2015, the U.S. Department of Transportation reported Aug. 29.
Toll Management Companies Expand as Demand Increases
Longhaul truck drivers who transport freight nationwide must pay tolls in 28 states, which can be cumbersome and overwhelming with more than a dozen different tolling systems. But two companies offering a solution are seeing demand spike this year as a result.
NFI Settlement May Signal Rise in Federal Audits of Overtime Pay Practices
NFI Industries paid $1 million on Aug. 25 to settle a U.S. Department of Labor audit into whether employees were due overtime pay. Legal experts believe this is just the beginning of a large-scale crackdown ahead of changes in overtime rules in December.
Deficient Infrastructure, Congestion Cost California Motorists $53.6 Billion a Year
Deficient roads and bridges and congested highways in California are costing the state’s motorists $53.6 billion a year and are increasing overall operating costs for trucking and shipping companies, according to a new report by a Washington D.C.-based transportation research group.
Drayage Firms Look for Answers in Wake of Hanjin Shipping Bankruptcy
Trucking companies are scrambling to find answers in the wake of the Hanjin Shipping bankruptcy potentially saddling motor carriers with unreimbursed costs of $100,000 or more.
Truckers Face Wide-Ranging Challenges From Stranded Hanjin Freight
Truckers who are being challenged on multiple fronts by bankrupt Hanjin Shipping’s stranded cargo that they already have are facing additional obstacles as U.S. ports take a variety of approaches to accepting or releasing the Korean carrier’s goods that are on the docks or afloat nearby.
Trucking Adds 3,400 Jobs in August, Department of Labor Reports
For-hire trucking added 3,400 jobs in August, and the unemployment rate held steady at 4.9% as total nonfarm payroll employment increased by 151,000 in August, the Labor Department reported Sept. 2.
September 2, 2016Mack Launches 2017 Powertrain Lineup
ALLENTOWN, Pa. — Mack Trucks rolled out its 2017 lineup here, featuring four in-house engines designed to meet federal greenhouse-gas emissions standards for trucks that tighten on Jan. 1.
Accuride Corp. Enters Into Agreement to Be Acquired by Crestview Partners
Heavy-duty supplier Accuride Corp. said it has entered into a definitive agreement to be acquired by funds managed by Crestview Partners, a leading New York-based private equity firm, for $2.58 per share in cash.
September 2, 2016