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.
ACT Says Tractor Sales to Set Record, Sees Solid Year Ahead for Fleet Profits
ORLANDO, Fla. — Retail sales of new Class 8 tractors in the United States remain on pace to set a new record this year, according to a leading industry analyst.
EPA Official Says GHG Final Rule on Track to Be Published During 2nd Quarter of 2016
ORLANDO, Fla. — An Environmental Protection Agency official said the federal government remains on track to issue a final rule during the second quarter of 2016 that will further tighten the trucking industry’s greenhouse-gas emissions.
Diesel Price Declines 2.4¢ to $2.493, Lowest Level in More Than Six Years
The average price of diesel fuel in the United States fell 2.4 cents a gallon to $2.493, the lowest level since June 2009, according to the Department of Energy.
DOT’s Foxx Touts White House Push to Expedite Infrastructure Projects
WASHINGTON — Transportation Secretary Anthony Foxx touted the Obama administration’s effort to streamline infrastructure projects through certain improvements to the Federal Infrastructure Permitting Dashboard.
Truckers Balk at Having to Pay To Reserve Parking, ATRI Says
Nearly half of commercial vehicle drivers in a survey by American Transportation Research Institute said they would refuse to pay for reserved parking.
Prices for Used Trucks Soften; Analysts Expect More Declines
The average sales price for used Class 8 vehicles softened in August amid a strong supply of lower-mileage aerodynamic sleepers and a continuing trend of price depreciation in the market overall, analysts said.
Swift Earnings to Trail Forecast, Guidance
Swift Transportation Co. said its third-quarter and full-year results will lag analyst forecasts and its own profit guidance because of costs from past accidents and weaker freight volumes in the fourth quarter.
September 25, 2015Why Shippers Are Turning to LNG-Powered Vessels
When Tote Inc., a shipper that operates between the United States and the Caribbean, launched its latest containership last month, the 760-foot craft carried a certain distinction: It’s only the second of the massive vessels worldwide fueled by liquefied natural gas.
US Intermodal Rail Traffic Rises Following 13.3% Drop
Weekly U.S. intermodal rail traffic rose 0.6% from the same period last year after declining 13.3% the prior week, the Association of American Railroads reported.
September 25, 2015Trucking Executive Bill Bender Dies at 84
William “Bill” Bender, a former senior executive at IU International Corp. and co-founder of Customized Transportation Inc., died Sept. 10 in Ponte Vedra Beach, Florida. He was 84.
September 25, 2015