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.
DeFazio Unveils Proposal to Alter Fuel-Tax System
WASHINGTON — Rep. Peter DeFazio (D-Ore.) introduced a bill last week to replace the federal gasoline tax with a barrel tax on oil, eliminate the sales tax on truck tires and index the diesel tax to inflation.
June 16, 2014House Approves Fiscal 2015 Spending Bill, Blocks Increasing Minimum Insurance Levels
The GOP-led House last week narrowly passed a fiscal 2015 transportation funding bill, which included a measure to prohibit the Federal Motor Carrier Safety Administration from raising minimum liability insurance requirements for trucking and bus companies.
June 16, 2014Anti-Trucking Ad Sparks Outrage
A magazine advertisement from a plaintiff’s law firm caused a public relations tempest that generated apologies from the publication and the lawyers who advertised after raising the ire of truck drivers and fleet executives.
June 16, 2014NTSB Says No HOS Violations Discovered in Review of Driver in Wash. Bridge Crash
A review of a logbook kept by the truck driver who struck a bridge in Washington state in 2013 found no violations of federal hours-of-service rules, according to documents released June 11 by federal transportation safety investigators.
June 16, 2014Fleets Oppose Obama Administration Plan to Eliminate FMCSA Self-Insurance Option
Some of the nation’s largest trucking companies are joining forces to oppose the Obama administration’s plan to eliminate a self-insurance option for motor carriers.
June 16, 2014Settlement Puts Spotlight on Background Checks
A recent $870,000 settlement in a lawsuit brought by more than 7,000 truck drivers against New England Motor Freight has again put in the spotlight the stringent requirements for motor carriers when rejecting job applicants based on background checks.
June 16, 2014Watch the Volvo Trucker Video That Won Five Telly Awards
“I am a Volvo Trucker,” says a video that tells the story of modern truck drivers’ passion for trucks and breaks down stereotypes associated with the profession. The video recently received five Telly awards for creative excellence.
June 13, 2014Michelin Plans to Buy Brazilian Telematics Firm for $717 Million
Tire maker Michelin said it plans to purchase Sascar, a Brazilian fleet tracking and freight security company, for about $717 million.
Omnitracs Names Post President and COO; Ellis Departs Company
Trucking technology vendor Omnitracs has named David Post as its president and chief operating officer, marking the latest addition to its leadership team since Vista Equity Partners acquired the business from Qualcomm Inc. late last year.
3M, xperion Partner to Develop CNG Truck Tanks
Manufacturers 3M and xperion said they have partnered to develop a line of compressed natural gas tanks for the heavy-duty truck market.
June 13, 2014