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 Price Up 3.7¢ to $3.919, Marking First Gain in 8 Weeks
U.S. retail diesel prices reversed direction last week and followed increases made by crude oil, marking the first gain for trucking’s main fuel in eight weeks, the U.S. Department of Energy reported.
June 30, 2014Burruss Resigns as TCA President
Truckload Carriers Association President Chris Burruss resigned his post June 26 without any advance notification, citing personal reasons.
June 27, 2014Send us photos that show off your American pride!
Two days left! Do you have a good photo that captures your American pride? Send it to us at share@ttnews.com and we’ll consider it for publication on Independence Day weekend.
June 27, 2014Load Boards Show Flat Demand, Higher Rates
Spot market freight activity is softening modestly on a sequential basis, though rates paid to carriers continue to hit record levels, two load board operators said last week in separate reports.
June 27, 2014CARB Approves $85 Million for Clean Truck Technology Projects
The California Air Resources Board said it has approved $85 million for advanced-technology, heavy-duty truck projects to help improve the state’s air quality.
June 27, 2014Intermodal Rail Traffic Rises to Record Level for Second Week
U.S. weekly rail intermodal traffic rose to the highest volume on record for the second consecutive week, the Association of American Railroads reported.
June 27, 2014Scott Rafkin Named President of Volvo Financial Services
Scott Rafkin has been appointed president of Volvo Financial Services, effective July 1, the company announced.
June 27, 2014Consumer Confidence Rises in June
Consumer confidence rose in June, according to the Thomson Reuters/University of Michigan final sentiment index.
June 27, 2014Police Organization Endorses Collins’ HOS Proposal
The National Fraternal Order of Police this week endorsed suspending a federal truck-safety regulator’s new hours-of-service rules, a proposal Senators are expected to take up before the August recess.
Senate Panel Drops Truck Tax, Postpones Vote On Trust Fund Bill
The leaders of the Senate Finance Committee said on June 26 they will plan to meet during the week of July 7 to consider a short-term patch for a cash-strapped highway account.