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.
Editorial: It Was a Truck
D.C. Council Weighs Ban on New Diesel Vehicles
The District of Columbia City Council is considering legislation to ban the registration of new vehicles that operate “exclusively on the combustion of petroleum diesel fuel.”
December 16, 2013Trucks Moved 73% of Cargo in 2012, US Survey Shows
Some $13.6 trillion worth of goods were shipped in the United States in 2012 weighing a combined 11.7 billion tons, with trucks once again doing a majority of the work, according to a federal report.
December 16, 2013Future Trucks to Gain From Advancements in Remote Technologies, OEMs Predict
IRVING, Texas — The trucks of tomorrow will receive wireless software updates, utilize advanced active safety systems and benefit from additional powertrain integration and aerodynamic improvements, OEM executives told an audience of industry professionals.
December 16, 2013XPO to Buy Web-Based Freight Auction Site From Landstar System for $87 Mln. in Cash
XPO Logistics Inc. said it has agreed to purchase NLM, a Web-based freight auction site, from Landstar System Inc. for $87 million in cash.
December 16, 2013Nov. Class 8 Sales Rise 1% in Third Consecutive Increase
Sales of Class 8 trucks slowed in November, gaining just 1% from the same month last year, while marking the third straight month of year-over-year increases, WardsAuto.com reported.
December 16, 2013Flawed Safety Data Penalizing Many Fleets Under CSA Program, ATA Report States
Flawed data and methodology used in the Compliance, Safety, Accountability program have created “tens of thousands” of statistical anomalies, according to an American Trucking Associations white paper released last week.
December 16, 2013Sysco to Buy U.S. Foods, Its Largest Competitor
Sysco Corp., the nation’s largest independent food distributor, said it will acquire its largest rival, U.S. Foods, creating a company with $66 billion in annual sales and a private truck fleet that will be the second largest in North America.
December 16, 2013UPS Contract Nearer to Implementation as Teamsters Back Supplemental Pacts
Teamsters employees at UPS Inc.’s package division last week approved several more key supplemental agreements, moving the largest transport industry union contract closer to final implementation.
December 16, 2013Truckload Driver Turnover Dips
Driver turnover ticked downward at truckload carriers during the third quarter but remained at relatively high levels, American Trucking Associations reported last week.
December 16, 2013