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.
Watch Live: ATA’s Graves Testifying at Ways and Means’ Trust Fund Hearing
Bill Graves, president of American Trucking Associations, is testifying before the House Ways and Means Committee for a hearing on the Highway Trust Fund.
ATA Critical of Panel's Recommendation of Hours-Based Over Performance-Based Instruction for New Drivers
An entry-level driver training federal advisory committee’s recommendation that new drivers receive hours-based rather than performance-based behind-the-wheel instruction lacks a scientific basis and runs contrary to a pair of executive orders, according to a “dissent letter” forwarded to the committee’s facilitator by American Trucking Associations.
FMCSA Shuts Down Two Firms for Safety Violations
A carrier involved in the spilling of canola oil onto Interstate 75 in Georgia last month and a fireworks display company in Illinois were shut down for various safety violations, the Federal Motor Carrier Safety Administration announced June 15.
Diesel Average Price Slips 1.4¢ to $2.87 in Third Drop
The average price of diesel dropped for a third week, falling 1.4 cents to $2.87 a gallon, the Department of Energy reported June 15.
Agility, Freightliner Trucks Set Seven-Year Agreement
Agility Fuel Systems has reached a seven-year agreement under which it will be the sole provider of natural-gas fuel systems for Freightliner Trucks.
Truck Manufacturers, Suppliers Face Hurdles in Supply Chain Search for Conflict Minerals
Truck manufacturers and component suppliers said they are continuing to experience challenges as they search for “conflict minerals” in their supply chains.
June 15, 2015General Motors to Re-Enter US Medium-Duty Market
General Motors Co. plans to return to the U.S. medium-duty truck market in 2016 through a manufacturing agreement with Isuzu Motors Ltd.
June 15, 2015Rep. Nancy Pelosi: ‘Prospects for Passage’ of Trade Deal Better if Highway Bill Passes
House Minority Leader Nancy Pelosi said her party’s support for a high-profile trade deal would improve if GOP leaders advance a long-term transportation deal.
FedEx Settles Contractor Suit for $228 Million
FedEx Corp. has agreed to pay $228 million to settle long-running lawsuits in California that challenged the status of workers at its Ground unit, who are classified as contractors by the company.
BNSF Speeds Midwest-Northwest Service
BNSF Railway said effective Sept. 14 it will accelerate schedules for domestic intermodal freight moving between the Pacific Northwest and the Midwest after capital investment to expand capacity on the routes.
June 15, 2015