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.
Year in Review: Orders for Heavy-Duty Trucks Grew in Nine of First 10 Months of 2013
Orders for heavy-duty North American trucks grew in nine of the first 10 months of the year, as industry watchers wondered when the mild slump in U.S. truck sales would end.
December 24, 2013YRC Reaches Agreement to Reduce Debt by $300 Mln.
YRC Worldwide Inc. has reached an agreement with some of its creditors to reduce its debt by about $300 million, a move the carrier said is a key to obtaining new concessions from the Teamsters union.
December 24, 2013TravelCenters Closes Deal for ‘Minit Mart’ Stores
TravelCenters of America said it has closed on its purchase of 31 convenience stores with fueling stations for $67.9 million.
December 24, 2013DOT Urges Ignition Interlocks for Drunken-Driving Offenders
The U.S. Department of Transportation has issued guidelines to help states develop programs to require first-time drunken driving offenders use ignition interlocks that prevent them from operating vehicles after drinking.
December 24, 2013Senator Introduces Bill to Roll Back HOS Provision
Sen. Kelly Ayotte (R-N.H.) has introduced a bill that would suspend the latest changes to the 34-hour restart provision of the hours-of-service rule for truck drivers.
December 24, 2013Consumer Spending Remains Strong in November
Consumer spending rose 0.5% in November, the largest increase in five months, the Commerce Department reported.
December 24, 2013CTA Informs Public About Truck Blind Spots With Its New ‘No-Zone’ Awareness Campaign
To increase awareness of truck blind spots, the California Trucking Association recently partnered with CTA member KKW Trucking Inc., Hyundai Translead and Lowen Color Graphics on the production of a trailer wrapped with a “No-Zone” public service message. The “No-Zone” trailer is part of an image campaign CTA is promoting using trailers provided by carrier members.
December 23, 2013Year in Review: Senate OKs Foxx as Transportation Secretary
The biggest change in transportation at the federal level this year came when Anthony Foxx took over as secretary of transportation in July.
December 23, 2013Record Number of Holiday Travelers Expected, AAA Says
A record 94.5 million Americans will travel 50 or more miles this holiday season, AAA reported.
December 23, 2013Expeditors International Picks Jeffrey Musser as CEO
Expeditors International of Washington Inc. said it has chosen Jeffrey Musser to become CEO in March.
December 23, 2013