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.
Execs See Consolidation in Finance Sector Following Recent Sell-Off by Biggest Player
A slowdown in demand for truck equipment is fueling competition among finance companies and commercial banks, which could lead to more consolidation in a sector that has seen a sell-off by the industry’s biggest player, company executives said.
‘Fittest Trucker’ Crusades for Health
SAN ANTONIO — A former world-class swimmer who earned accolades as the “fittest truck driver in America” is on a campaign to improve the poor state of truck dri-ver health.
XPO Rebuffs Meeting Unions on Complaints
The Teamsters union and European labor representatives last week tried, but failed, to force a meeting with XPO Logistics Inc. CEO Bradley Jacobs to discuss union issues.
April Class 8 Sales Decline 18.9%
U.S. retail sales of new Class 8 trucks fell 18.9% in April from a year earlier, WardsAuto.com reported. Analysts said the figures reflect a shift in traditional seasonal buying patterns rather than plummeting demand.
Portland, Ore., Approves Tax on Trucks
Portland, Oregon’s five-member City Council voted unanimously in favor of a trucks-only tax May 11.
Fleets Use Software to Better Plan Home Time for Drivers
Home time is a key factor for driver satisfaction, so carriers are using transportation management software to remind them when drivers want to be home and find the best routes to get them there.
ELD Vendors to Self-Certify Devices as Compliant ELDs
Certification of electronic logging devices has been left to the device manufacturers under the federal ELD rule.
Sleep Apnea Programs for Truck Drivers Enhanced by Data, ‘Workflow’ Systems
Advances in technology are making it easier for fleets to screen drivers for a medical condition that’s believed to be a significant contributor to preventable crashes, while also enabling health care providers to monitor treatment while drivers are on the road.
Western Star Launches Off-Road Model That Swaps Truck Bodies
MOUNTVILLE, S.C. — Western Star has launched an off-road truck capable of swapping truck bodies within minutes, enabling operators to use the same chassis for multiple applications.
Mack 13-Speed Automated Manual Transmission Now Standard on Granite Models
Mack Trucks said its mDrive HD 13-speed automated manual transmission will be standard on Granite models.
May 13, 2016