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.
National Coalition Begins Search for Solutions to Truck Parking Problems Across the Country
The National Truck Parking Coalition met for the first time last month in hopes of coming up with solutions to the nationwide shortage of truck parking.
Diesel Price Drops 2.4¢ to $2.421; Gasoline Declines 3.5¢ to $2.059
The U.S. average retail price of diesel continued its descent for a third straight week, falling 2.4 cents a gallon to $2.421, the Department of Energy reported.
October Used-Truck Prices Rise on Low Mileage, Analysts Say
The Class 8 used-truck market in October saw mileage fall on vehicles and average pricing climb, according to industry analysts. But looking at conditions in November, other experts said prices have begun to fall as inventories mount.
Ohio to Require Prospective Truck Drivers to Be Trained to Combat Human Trafficking
Ohio is about to become the first state to require prospective truckers in driving schools and community college courses to be trained for the warning signs of human trafficking under the auspices of Truckers Against Trafficking and the Ohio State Department of Public Safety.
President Obama Signs 5-Year Highway Bill into Law
The U.S. House and Senate easily passed a five-year, $305 billion highway reauthorization bill on Dec. 3 that would reform a safety performance scoring program for motor carriers and pave the way for employers to rely on hair testing to screen prospective truckers.
Fiat Chrysler Converts Private Truck Fleet to CNG
FCA US, the North American automaking unit of Fiat Chrysler Automobiles N.V., will invest $40 million to convert 179 trucks in its private fleet to run on compressed natural gas and build in Detroit the largest private CNG fueling station in North America.
December 4, 2015Rep. Blumenauer: Highway Bill Consists of ‘Collection of Budget Gimmicks’
Congress’ passage of its first five-year transportation bill in a decade, while significant, failed to ensure the long-term stability of a key highway account, said Rep. Earl Blumenauer (D-Ore.), the leading advocate on Capitol Hill for raising federal fuel taxes to pay for infrastructure projects.
December 4, 2015TravelCenters of America Completes Acquisition of 10 Ohio Stop'n Go Stores
TravelCenters of America has completed its previously disclosed acquisition of 10 convenience stores located in Ohio as the company continues its expansion program.
December 4, 2015Trucking Adds 2,300 Jobs in November; Unemployment Rate Holds at Seven-Year Low
The trucking industry added 2,300 jobs in November as the unemployment rate held at 5%, a seven-year low, the Labor Department reported Dec. 4.
December 4, 2015European Truck Fuel Efficiency Stalls as US Continues to Tighten Emissions Standards
Trucks in the European Union are no more fuel-efficient than they were more than a decade ago, according to a report released Dec. 3, as calls increase for emissions from heavy-duty vehicles to be regulated in the same way as cars.