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.
Diesel Average Rises 0.8¢ to $2.944 as Warmer Weather Slows Increase
A gradual thawing out from the recent blast of cold weather that engulfed much of the United States helped slow the retail diesel and gasoline price increases last week, the Department of Energy reported.
March 16, 2015Senator Calls on White House to Select FMCSA Nominee
WASHINGTON — Less than a week before the Federal Motor Carrier Safety Administration acting chief’s tenure is scheduled to end, the chairman of the Senate panel that oversees the agency has called on the White House to nominate a permanent administrator.
March 16, 2015Seat Belt Violations Highest During Summer, Data Show
Citations for failure to use seat belts have a seasonal component — peaking in the summer and falling in the winter, according to a report from data-analysis firm Vigillo.
March 16, 2015TravelCenters of America Profit Nearly Triples
TravelCenters of America, the only publicly traded truck stop operator, capitalized on a 65% improvement in fuel-sale profit margins to nearly triple net income to $34.3 million, or $0.91 per share.
March 13, 2015Teletrac, Navman Wireless to Develop Unified Telematics Platform Following Merger
Recently merged fleet-tracking providers Teletrac Inc. and Navman Wireless are working to develop a unified telematics platform while continuing to support their current product lines and customers.
J.J. Keller, Velociti Partner to Simplify E-Log Deployment
J.J. Keller & Associates Inc. said it has partnered with Velociti Inc. to make its electronic logging system easier for carriers to implement.
March 13, 2015Harper Says Canadian Railways Under Watch Over Grain Shipments
Canadian Prime Minister Stephen Harper indicated he is prepared to continue intervening in a railway system dominated by two companies in order to keep products such as grain moving for export.
Consumer Sentiment Declines in March to Four-Month Low
Consumer confidence declined in March to a four-month low as optimism about the U.S. economy was tempered by weaker income expectations and a rebound in gasoline prices.
Wholesale Prices Fall for Fourth Month
Wholesale prices in the U.S. unexpectedly declined in February for a fourth consecutive month, reflecting cheaper food and a slump in profit margins among wholesalers and retailers.
March 13, 2015Feds Say Americans Drove More Miles Last Year Than in Each of Previous Seven
Americans drove nearly 3.02 trillion miles last year, the highest number since 2007 and second-highest since data collection began 79 years ago, the Federal Highway Administration announced.