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.
This New Indicator Shows There's No Bubble Forming in Housing Market
A new gauge from Nationwide Insurance in Columbus, Ohio, suggests the national market is in its best shape since 2001 and there's no reason to fear a national downturn, no less a bursting bubble.
FMCSA Rejects Petition to Exempt $75,000 Broker Bond
The Federal Motor Carrier Safety Administration has denied a request by the Association of Independent Property Brokers and Agents that all property brokers and freight forwarders be exempted from the agency’s $75,000 bond provision.
Diesel Price Falls 4¢ to Five-Year-Low $2.824
Diesel’s national average retail price fell for a third straight week, dropping 4 cents to a five-year-low $2.824 a gallon, the Department of Energy reported March 30.
FMCSA Picking Carriers for Drug and Alcohol Survey
The Federal Motor Carrier Safety Administration said March 30 that it has commenced notifying selected truck and bus companies to submit their annual Department of Transportation drug-and-alcohol testing program results to the agency.
March 30, 2015Atlanta: Dangerous Hot Spot of Twisting Highways
It was almost midnight when Walter Price eased his 18-wheeler into the right lane on Interstate 75 near Atlanta. As he began to bank onto the exit ramp he’d been taking for the past 10 years, Price had no idea he was entering America’s most dangerous hot zone for truck drivers.
Port of Montreal to Spend C$75 Million on Enhancing Truck Access
The Montreal Port Authority said the Quebec government will invest C$75 million to improve truck access to the port as part of a C$1.5 billion investment in the area’s maritime industry.
March 30, 2015Transportation Secretary Anthony Foxx: Phase 2 GHG Emissions Proposal Sent to OMB
The proposed Phase 2 greenhouse-gas emissions rule for medium- and heavy-duty vehicles has been forwarded to the White House Office of Management and Budget for review, Transportation Secretary Anthony Foxx said during an interview at a Politico “PlaybookLunch” event March 30.
Pending Sales of Homes Rises in February
More Americans than forecast signed contracts to purchase previously owned homes in February, indicating a pickup in the housing market ahead of the spring selling season.
Spending by Consumers Rises Less Than Expected
Consumer purchases rose less than projected in February, indicating the biggest part of the U.S. economy will find it hard to sustain momentum after the best quarter since 2006.
Telematics Was MATS Focus
LOUISVILLE, Ky. — The growing prevalence of telematics for monitoring and refining the performance of trucks and linking drivers, fleets and manufacturers with vehicles dominated the opening of the 2015 Mid-America Trucking Show.
March 30, 2015