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.
Foxx: Highway Trust Fund Will Run Dry by Late August
Transportation Secretary Anthony Foxx on June 17 said a federal highway account that helps states pay for roadway projects is still projected to run out of money by late August, threatening many large-scale construction projects around the country.
Graves, ATA Support HOS Suspension In Senate Bill
With the Senate debating truck safety priorities on the floor as early as June 17, leaders of American Trucking Associations said they are confident senators will pass a fiscal 2015 transportation bill that would postpone for a year a new federal rule limiting certain times truckers are allowed on the roads.
Cass Reports 5.8% Truckload Cost Increase in May
The truckload cost index published by Cass Information Systems showed a 5.8% increase last month, continuing the overall pace of increases.
June 17, 2014Estes to Deliver Stranded New Century Freight
Estes Express Lines said it will be delivering freight that was stranded by the shutdown of New Century Transportation last week.
June 17, 2014Logistics Costs Rose 2.3% in 2013
Total U.S. business logistics costs in 2013 rose to $1.39 trillion, a 2.3% increase from 2012, according to the 25th annual “State of Logistics Report” released June 17.
June 17, 2014Diesel Falls for 7th Straight Week
The national retail diesel average continued to decline even as crude oil futures remained above $105 a barrel.
McKee Foods’ Hours-of-Service Waiver Comment Period Closes
The comment period on a McKee Foods Transportation application for an hours-of-service waiver ended June 11 with 12 comments filed, total, including one from American Trucking Associations in favor.
June 17, 2014UPS to Use Dimensional Pricing for All Packages
UPS Inc. said it plans to begin using dimensional pricing to calculate rates for all ground shipments, as carriers shift pricing strategy to match lighter-weight packages.
June 17, 2014Port of Los Angeles Container Volume Rises 7.8% in May
The Port of Los Angeles said import container volume rose 7.8% in May from a year ago.
June 17, 2014Volvo Trucks Launches Dual Clutch for Heavy Vehicles
Sweden-based Volvo Group said its European division, Volvo Trucks, is launching a first-of-its-kind transmission with a dual clutch system for its heavy vehicles.
June 17, 2014