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.
Funds for States to Train Drivers Closer to Approval
After more than a decade of temporary extensions, the Workforce Development Act that funnels money to states to train job seekers, including truck drivers, is closer to Congressional approval.
Diesel Rises 0.1¢ to $3.92 a Gallon
The U.S. retail diesel average was all but flat this week, rising just 0.1 cent a gallon from the week before to $3.92, the U.S. Department of Energy said on June 30.
Port of Long Beach Bridge Delayed a Year
The $1 billion project to replace the aging Gerald Desmond Bridge along the main route to the Port of Long Beach will be delayed a year according to port officials, the Los Angeles Times reported.
June 30, 2014Scania Touts Fuel Savings of Dual Trailers
Swedish truck maker Scania AB said that by driving with two full-length trailers fuel consumption is reduced by up to 30%.
June 30, 2014Chicago Area Business Activity Grows at Slower Pace in June
Business activity in the Chicago area expanded at a slower pace in June from the prior month, according to The Institute for Supply Management-Chicago Inc.
June 30, 2014EBE Technologies Creates Owner-Operator Insurance Enrollment Software
EBE Technologies said it has created an insurance-enrollment program for carriers hiring owner operators and independent drivers.
June 30, 2014Pending Sales of Existing Homes Rise Most in Four Years
The number of contracts to purchase previously owned U.S. homes jumped in May by the most in more than four years, a sign the residential-real estate market is rebounding after a slow start to the year.
June 30, 2014Letters: End of Self Insurance?, Whose Logic is Hazy?
President Obama’s desire to abolish the ability for a trucking company to self-insure is a hindrance to the industry and an ineffective way to save a lousy $9,000 per company that chooses to use this option, which amounts to about $500,000 a year.
June 30, 2014Opinion: Detention Time Is Too Important to Ignore
While debate continues on hours of service, truck size and weight, and their effect on truck productivity, we should not lose sight of an issue that has been consistently raised by major trucking groups and relates to time lost at the loading docks of shippers and receivers.
June 30, 2014Editorial: Remembering Independence
Marching happily toward the Fourth of July, one can see some of the spirit of Independence Hall 238 steamy summers ago in — of all places — trucking.
June 30, 2014