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.
ATRI Criticizes FMCSA’s Defense of 34-Hour HOS Restart Provision
The American Transportation Research Institute issued a technical memorandum criticizing a study by the Federal Motor Carrier Safety Administration that endorsed the agency’s new restart provision of hours of service that took effect in July.
April 22, 2014ATA, CMCA Honored With SmartWay Award
American Trucking Associations and Colorado Motor Carriers Association were among the recipients of the Environmental Protection Agency’s SmartWay Affiliate Challenge Award.
April 22, 2014Diesel Rises 1.9¢ to $3.971 in First Gain in Six Weeks; Gasoline Continues to Climb
Diesel rose 1.9 cents to $3.971 a gallon, its first increase in six weeks, while gasoline rose for the 11th straight week, the Department of Energy reported.
April 22, 2014Sales of Existing Homes Fall for Third Straight Month
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
April 22, 2014Rush’s 1Q Class 8 Sales Jump 30%
Truck dealership Rush Enterprises’ first-quarter net income slipped slightly from a year ago as its heavy-duty truck sales jumped 30%.
April 22, 2014Werner’s 1Q Income Declines
Werner Enterprises said its first-quarter profit fell 18% due in part to “severe winter storms” during the period.
April 22, 2014Port of Long Beach Rejects Advice to Merge With Port of Los Angeles
The Port of Long Beach has no interest in merging with the neighboring Port of Los Angeles as recommended by an independent commission’s recent report, a top port official said.
April 22, 2014Forward Air’s First-Quarter Net Income Dips
Forward Air Corp. said its first-quarter net income dipped to $10.2 million, or 33 cents a share, from $10.9 million, or 36 cents, a year ago.
April 21, 2014FMCSA Grants Extension on Drug, Alcohol Clearinghouse Comments
The time period for commenting on the proposed rule for the national clearinghouse for driver drug and alcohol test results has been extended through May 21.
Marten Enhances Automatic Detention Pay Program
Refrigerated carrier Marten Transport announced a change to its automatic driver detention pay program and will now compensate drivers after one hour.
April 21, 2014