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.
Canadian Pacific Signals Proxy Fight
The stage is set for a proxy battle between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. after the Canadian company’s $28 billion acquisition bid was again rejected last week by the U.S. company, according to Canadian Pacific’s own signals and analysts’ comments.
Truck Makers, Suppliers Participate in Push to Address Climate Change
Heavy-duty truck makers and their major suppliers said they have been deeply involved in tackling climate change, well before heads of government met in Paris for the United Nations Climate Conference.
Regulators Forced to Drop Plan to Retrofit Tank Truck Wetlines
Federal regulators will soon be required to abandon plans to issue a final rule requiring tank truck carriers that haul flammable liquids to either retrofit their existing trailers to protect their wetlines or install a system to purge product from those lines.
Groups Praise Requirement For Port Efficiency Metrics
Industry groups generally welcomed a FAST Act provision that would require the U.S. Department of Transportation to create performance metrics to reduce delays at major ports, speed future cargo flow and prevent a recurrence of delays that plagued ports over the past year.
Class 8 Fleet Nears 4 Million; New Registrations Up 11%
The nation’s fleet of Class 8 trucks in operation climbed 5% during the first nine months of the year to a record 3.93 million, IHS Automotive reported, driven in part by an 11% jump in registrations of new trucks in the third quarter.
Diesel Falls to $2.379; Gas Dips to $2.053; Crude Prices Slide Amid Worldwide Glut
The U.S. average retail price of diesel fell 4.2 cents a gallon to $2.379, marking the fourth consecutive weekly drop, the Department of Energy reported Dec. 7.
Trucking Convoy Delivers Wreaths to Arlington National Cemetery; See Photos
The Wreaths Across America convoy began on the morning of Dec. 6, leaving Harrington, Maine, and arrived at Arlington National Cemetery in the Washington, D.C., metropolitan area in time for the laying of wreaths on Dec. 12. Look back at the journey in photos.
December 12, 2015ELD VIDEO: ATA's Rob Abbott, Megan Bush Provide Overview
ATA safety policy experts Rob Abbott and Megan Bush explain the key components of the new electronic logging device rule mandated by FMCSA on Dec. 10 in this three-minute video.
December 11, 2015ELD Rule to Boost Technology Adoption
The federal rule requiring carriers to use electronic logging devices will dramatically accelerate the industry’s adoption of onboard technology, resulting in a market where some carriers will focus only on basic compliance while others will look for additional features to improve efficiency, suppliers and analysts said.
Sentinel Transportation Acquires Fuel Delivery Fleet in California
Sentinel Transportation has acquired the fuel delivery fleet of United Pacific, a leading convenience store chain and gas station operator in Southern California, according to a statement by Gardena-based United Pacific.
December 11, 2015