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.
Editorial: A Full Plate at MCE
Another high-ranking congressman says a multiyear surface transportation plan is very much on the minds of legislators.
October 19, 2015Trailer Makers Say GHG Plan Exceeds EPA’s Legal Authority
Trailer makers are troubled by the Phase 2 proposal on greenhouse-gas emissions, with some asserting the agencies involved exceeded their regulatory authority and others arguing the mandates are overly aggressive and based on faulty assumptions.
Driver Training Officials Decry New CDL Regulations
Driver training school operators and fleet executives said new federal regulations are increasing the cost of training and making it more difficult for people to obtain commercial driver licenses.
Lytx Upgrades Video-Based Safety System That Monitors Driver Fatigue, Distraction
Lytx Inc. said it is upgrading its DriveCam video-based safety system with a new service aimed at helping fleets prevent distracted and fatigued driving.
UTi Worldwide Agrees to Buyout by DSV Group for $1.35 Billion
UTi Worldwide, a U.S.-based air and ocean freight forwarder that has been struggling to reverse a downward trend in revenue and profits, has agreed to a buyout by Danish freight forwarder and transportation firm DSV Group for $1.35 billion.
Diesel Jumps 6.4¢ to $2.556;Gasoline Rises 1.9¢ to $2.337
The average price of diesel fuel in the United States rose 6.4 cents a gallon to $2.556, the largest increase in more than two years, the Department of Energy reported.
Class 8 Purchases Rise 4.5% in September as Buyers Invest in More Efficient Models
U.S. retail sales of Class 8 trucks totaled 20,972 in September, marking the seventh consecutive month when sales topped 20,000, WardsAuto.com reported.
PeopleNet to Offer Software on Samsung Devices
PHILADELPHIA — PeopleNet is partnering with Samsung to expand the hardware choices available for its fleet-management applications.
FMCSA's Darling: 2016 Will Be the 'Year of Partnerships'
PHILADELPHIA — Speaking at American Trucking Associations' Management Conference & Exhibition on Oct. 18, Federal Motor Carrier Safety Administration Acting Administrator Scott Darling declared 2016 “the year of partnerships” between his agency and stakeholders such as ATA.
Oklahoma’s Dan Case Remembered at MCE
PHILADELPHIA — The contributions of longtime executive director of the Oklahoma Trucking Association, Dan Case, who passed away last month, were recognized by senior American Trucking Associations officials.