Business

About Business News...

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.

Business

ELD Makers Back Rule, But Seek Clarifications

Truck technology vendors said they see no major flaws in the federal government’s new proposal to require electronic logging devices in commercial trucks, but they are seeking further clarification on some facets of the expected rule.

March 24, 2014
Perspective, Business, Government, Safety, Autonomous

Opinion: Mobile Is Critical for ELDs

After much anticipation, on March 13 the Federal Motor Carrier Safety Administration released its proposal that interstate truck drivers be required to use electronic logging devices.

March 24, 2014
Editorial, Business

Editorial: CDL Licensing Delays

The struggles of the nation’s trucking fleet to attract and retain qualified drivers have been well-documented in the pages of Transport Topics for many years now.

March 24, 2014
Business

February Tonnage Up 3.6% Despite Severe Storms

Truck tonnage rose 3.6% last month, achieving growth despite recurring winter storms and extremely cold weather that hampered fleets, American Trucking Associations reported last week.

March 24, 2014
Business

Drivers Face Delays in CDL Skills Test; Training Schools Ask Congress to Help

Delays and inconsistencies with the way states test applicants for commercial driver licenses are undermining efforts to place truck driver training school graduates in jobs, according to officials who have asked Congress to act.

March 24, 2014
Business

FedEx’s 3Q Profit Increases 5%, Slowed by Weather Disruptions

Hampered by what CEO Frederick Smith described as the worst winter weather in company history, FedEx Corp. last week reported quarterly profit growth of 5% to $378 million, or $1.23 a share.

March 24, 2014
Business

Postal Service Seeks $5 Billion to Replace Its Aging Fleet

The chief sustainability officer for the U.S. Postal Service said the agency needs $5 billion to replace its aging delivery fleet to have any chance of meeting 2020 fuel-efficiency goals set by President Obama several years ago.

March 24, 2014
Business

TCA to Focus on Recruiting, Trucking’s Image at Meeting

Driver recruiting and trucking’s efforts to burnish its image are getting top billing at the annual Truckload Carriers Association meeting this week in Grapevine, Texas.

March 24, 2014
Business

Worker Shortage Limiting Firms’ Abilities to Innovate Supply Chain, Survey Finds

A survey of supply chain executives found that data analytics and multichannel fulfillment are the top priorities in the coming years among companies in a number of industry sectors, including transportation and warehousing.    

March 24, 2014
Business, Fuel

US Diesel Average Slides 1.8¢ to $4.003

The retail diesel average slid 1.8 cents last week to $4.003 a gallon but stayed over $4 for the fourth consecutive week, the U.S. Department of Energy reported.

March 24, 2014