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.
Nafta Truck Freight Value Declines in July
The value of U.S. trade with Canada and Mexico declined 8% in July as the freight value carried by trucks also decreased, the Bureau of Transportation Statistics reported Sept. 29.
September 29, 2015Rep. Richard Hanna Expresses ‘Strong Opposition’ to FMCSA Certification-Label Proposal
A Federal Motor Carrier Safety Administration proposed rule that would require commercial vehicles operating across interstates to display a certification label to note their safety would not reduce the risk of crashes, Rep. Richard Hanna (R-N.Y.) told the agency this month.
USA Truck Appoints Tewari to New Top Trucking Post
USA Truck Inc. announced that Martin Tewari has been named to the newly created position of president-Trucking, effective Sept. 30, with responsibility for the carrier’s asset-based operations, pricing and sales activities.
September 29, 2015ATRI Survey Finds Truck Operating Costs Rose 2% in 2014
The American Transportation Research Institute reported that motor-carrier operating costs rose about 2% to $1.703 per mile from $1.676, primarily due to higher equipment and driver wage costs.
September 29, 2015Omnitracs Unifies Businesses Under New Branding
Omnitracs has launched a new branding initiative that unifies its holdings under a common name, reflecting the technology supplier’s move to integrate the companies it acquired in recent years into its core business.
Motorists Log Record 283.7 Billion Miles in US in July
Motorists logged a record 283.7 billion miles on U.S. roadways in July, the most ever for the month and up 4.2% from a year earlier, according to government data.
Consumer Confidence Unexpectedly Rises in September
Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices.
AASHTO Appoints Iowa DOT Director Trombino President
The American Association of State Highway and Transportation Officials board of directors on Sept. 28 elected Iowa Department of Transportation Director Paul Trombino III association president.
Hapag-Lloyd Seeks $500 Million From IPO Targeted for 2015
Hapag-Lloyd, Germany’s biggest shipping line, is seeking to raise $500 million from the sale of new shares this year as it presses ahead with an initial public offering even as the Chinese economic slowdown and a rout in Volkswagen shares sparked turmoil on stock markets.
National Diesel Average Drops 1.7¢ to $2.476 a Gallon
The average price of diesel fuel in the United States declined 1.7 cents a gallon to $2.476, the Department of Energy reported Sept. 28.
September 28, 2015