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.
Truck Sales Dip in January
U.S. retail sales of Class 8 vehicles nearly reached 16,000 in January, but analysts said the anticipated softening in demand has taken hold.
Letters: Restart, Deregulate HOS
Federal agencies and the trucking industry both recognize the health and welfare of commercial motor vehicle drivers is imperative to protecting public safety. But as you would expect, there is disagreement over the means to achieve this end.
February 22, 2016Opinion: Reinvest Fuel Budget Surplus for Quality
Just when we thought the price of oil couldn’t slide any further, here we are. As I write this, crude oil prices have fallen below $30 per barrel for the first time since 2003 — dropping 40% from six months ago. Few imagined that prices would be where they are to start the new year. And even fewer (fuel hedgers aside) budgeted so.
February 22, 2016Editorial: The Number 1 Returns
Modern American business is a blizzard of numbers. If you can’t measure it, you can’t manage it, the business school mantra goes.
February 22, 2016Social Media, Big Data Are Influential Tools for Recruitment, Retention of Truck Drivers
NASHVILLE, Tenn. — Enhanced social media presence and expanded use of big data analytics are two critical tactics for carriers seeking to solve the ongoing problem of the driver shortage, experts at a conference here on recruitment and retention said last week.
Mack Named Official NASCAR Hauler, Gives Circuit 11 Customized Sleepers
DAYTONA BEACH, Fla. — Mack Trucks has become the new official hauler of NASCAR, providing a fleet of custom-designed vehicles to transport the sport’s equipment and technology to racetracks across the country.
Joyce Named ATA’s New Top Lobbyist
Veteran lobbyist Mike Joyce has joined American Trucking Associations as senior vice president of legislative affairs. He has more than 20 years of experience in public affairs, much of it in trucking.
Diesel Average Tumbles Below $2 for First Time Since February 2005
The national average retail price of diesel fuel fell below $2 a gallon, passing yet another long-standing threshold after setting an 11-year low the previous week, the Department of Energy reported.
More States Consider Tolls to Finance Infrastructure
Rhode Island’s bold move to build the nation’s first truck-only tolls is far from the only action contemplated on the tolling front among the 50 states.
Better Roads Could Help Fleets Keep Drivers by Improving Productivity, ATA’s Costello Says
NASHVILLE, Tenn. — Federal officials should focus more on efforts to reduce traffic congestion along the country’s main roadways, a move that would help retain drivers across the trucking industry, American Trucking Associations Chief Economist Bob Costello said.