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.
Facing Increasing Regulatory, Business Pressures, Private Fleets Seek Assistance With Compliance
Corporate fleet owners are spending more on training, upgrading equipment and doing more to recognize their best-performing drivers, according to executives interviewed for Transport Topics’ 2016 Top 100 list of largest private carriers in North America.
Advisers Offer Sleep Apnea Guidelines as FMCSA Considers Health Proposal
Top medical advisers to the Federal Motor Carrier Safety Administration have recommended a slate of sleep apnea guidelines that would require truck drivers to participate in costly diagnostic sleep studies if they have a body mass index of 40 or higher, experienced excessive fatigue or sleepiness while driving or have been in a sleep-related accident.
US Fleet Size Surpasses 4 Million, Report Says
The number of U.S. Class 8 vehicles in operation topped 4 million for the first time, clearing it by 9,000 vehicles, IHS Automotive reported.
Pilot Program Allows Vets Ages 18-21 to Work as Interstate Drivers
Federal trucking regulators have announced plans to conduct a three-year pilot project to allow truckers between the ages of 18 and 21 with military truck driving experience to operate in interstate commerce.
Brokers Offer Smartphone Apps for Truckers to Make It Easier to Find Available Freight
Sifting through load boards can be a difficult and time-consuming task, but new apps are helping small carriers and owner-operators sort through the clutter using GPS to identify nearby freight.
Diesel Increases 6¢ to $2.370; Gasoline Rises 4.4¢ to $2.193
The U.S. diesel average price rose 6 cents to $2.370 per gallon last week, the Department of Energy reported, as demand for the fuel rose.
Study Finds Continued Savings for 17 Fleets Through Use of Fuel-Efficient Technologies
Seventeen trucking fleets realized a 3% increase in fuel savings in 2015, equally about a half-billion dollars, compared with the national average by adopting fuel-efficient technologies, according to a new report from the North American Council for Freight Efficiency.
Competition Intensifies in Factoring Sector as Conditions Weaken in Trucking Market
Competition is intensifying in the factoring sector as freight markets shift, said a number of executives whose businesses offer fleets upfront invoice payments for a fee.
NFI Will Pay $1 Million to Settle Overtime Probe
National Freight Inc. will pay about $1 million to settle a Labor Department investigation that concluded the New Jersey-based warehouse and distribution company didn't pay 357 driver dispatchers and yard spotters for overtime, the DOL announced.
August 26, 2016Exxon to Introduce New Engine Oils on Website
ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.
August 26, 2016