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.
House Bill Would Extend HOS Exemptions for Propane Haulers
Two Republican congressmen have introduced legislation they said would expedite propane deliveries during the current shortage by providing hours-of-service flexibility to truckers hauling the gas.
ATA Seeks Nominations for 2015-2016 America’s Road Team
American Trucking Associations is seeking nominations for professional truck drivers to serve as Road Team captains on the 2015-2016 America’s Road Team.
February 25, 2014Federal Court Panel to Hear Pilot Lawsuit Consolidation Request
The U.S. Judicial Panel on Multidistrict Litigation has set a March 27 hearing in San Diego to consider a request by Pilot Flying J attorneys to consolidate seven lawsuits filed against the truck-stop chain seeking damages in connection with a diesel-fuel rebate fraud scheme.
Expeditors International’s Profit Falls
Logistics provider Expeditors International of Washington Inc. said its profit declined slightly in the fourth quarter of 2013 but increased in the full year.
February 25, 2014Roadrunner Buys Rich Logistics
Roadrunner Transportation Inc. said it has acquired Rich Logistics, a Little Rock, Ark.-based trucking company that operates throughout the United States and Mexico.
February 25, 2014Colorado Senate Panel, House Pass Anti-Indemnification Bill
Colorado could become the 40th state to pass legislation protecting truckers against having to assume full liability for accidents, regardless of who is at fault.
XPO Reports Fourth-Quarter Loss
XPO Logistics reported a fourth-quarter loss of $10.6 million, or 37 cents per share, compared with a loss of $9.3 million, or 57 cents per share, a year ago. Revenue increased about 137% to $257.2 million.
February 25, 2014Home Prices in 20 Cities Rise at Slower Pace in December
Home prices in 20 major U.S. cities rose in December at a slower pace, according to Standard & Poor’s.
February 25, 2014Consumer Confidence Declines in February
Consumer confidence declined in February, the New York-based Conference Board said Feb. 25.
February 25, 2014Idaho High Court Eases Owner-Operator Rules
Idaho’s Supreme Court unanimously reversed a previous ruling that had said that a truck owner-operator cannot be considered an independent contractor without having his own authority from the U.S. Department of Transportation.