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.
Truck Sales Surge 24.5%
U.S. retail heavy-duty truck sales continued their torrid pace, topping 20,000 in September for just the second time since 2006, WardsAuto.com reported.
October 20, 2014Trucking Failures Slow in 3Q on Rates, Fuel, Report Says
A total of 9,090 trucks were taken off the road due to fleet bankruptcies in the third quarter, a slight decline from the second quarter, as rising freight rates and falling fuel prices helped keep some marginal fleets afloat, Avondale Partners analyst Donald Broughton said.
October 20, 2014Mexican Fleets Keep US Authority as Pilot Program Ends
The Federal Motor Carrier Safety Administration is allowing 13 Mexico-based trucking companies that were part of the agency’s cross-border pilot program to maintain U.S. operating authority.
October 20, 2014Fleets to Post Higher 3Q Earnings on Rising Rates, Strong Economy
Third-quarter earnings at nearly all publicly traded trucking businesses are expected to show solid year-over-year growth, propelled by factors such as higher rates and the improving economy, industry analysts believe.
October 20, 2014DME Viability as Fuel Touted, but has ‘Steep Hill to Climb’
SAN DIEGO — Executives attending a dimethyl ether industry meeting here were told by trucking representatives that while the fuel has a number of desirable qualities, the jury is still out on its practicality as a transportation fuel.
October 20, 2014CP Seeks Rail Merger with CSX, Reports Say
Canadian Pacific Railway Ltd. reportedly is pursuing CSX Corp. at a time when the U.S. regulators who would have to approve such a move are showing increasing frustration with today’s delay-plagued rail environment.
October 20, 2014Split Decision on Union Representation at 2 Northeast FedEx Freight Terminals
FedEx Freight drivers at a Philadelphia-area terminal voted last week to become the first U.S. workers at the largest less-than-truckload carrier to become Teamsters members.
October 20, 2014Used-Truck Prices Hold Near Record Highs, Despite More Late Models Hitting Market
Prices for used trucks in the United States remain near record highs as strong demand outweighs a growing supply of late-model units, dealers and analysts said.
October 20, 2014More States Expressing Interest in Mileage Tax
While Congress continues to punt on the nation’s long-term road-funding crisis, interest in vehicle-mileage taxes to augment or replace fuel taxes is growing among states.
October 20, 2014Fushimi Returns to US as CEO of Yokohama Corp. in North America
Takaharu Fushimi has been appointed CEO of tire manufacturer Yokohama Corp. of North America, based in Fullerton, California.