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.
Out-of-Service Rate for Brake Violations Lowest in More Than 15 Years
The out-of-service rate for brake-related violations dropped to 13.5% from 15.3% last year, the lowest rate of OOS brake violations in more than 15 years, the Commercial Vehicle Safety Alliance announced last week.
ATA Announces New Speakers to Technology Summit
American Trucking Associations has added featured speakers to the Executive Summit on Technology-Driven Performance, Analytics and Answers, the federation said in a Nov. 7 announcement.
November 7, 2013XRS Reports Fourth-Quarter Profit
XRS Corp. reported a profit for its fiscal fourth quarter compared with a loss a year ago.
November 7, 2013Jobless Claims Decline by 9,000 for Week
Jobless claims declined by 9,000 for the week ended Nov. 2, Bloomberg News reported.
November 7, 2013OOIDA Asks Supreme Court to Review Decision on Cross-Border Trucking Program
The Owner-Operator Independent Drivers Association has asked the U.S. Supreme Court to review an appeals court decision upholding the Federal Motor Carrier Safety Administration’s authority to operate a cross-border pilot program allowing Mexican drivers to operate throughout the United States.
Cass Freight Index Declines in October
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 2% in October from a year ago. Expenditures increased 0.8% from 2012.
November 6, 2013October Class 8 Orders Rise 13%
New Class 8 truck orders rose 13% in October to 26,300, the highest level in nearly two years, according to preliminary data from ACT Research.
November 6, 2013TA and Shell to Open LNG Fueling Centers in First Half of 2014
TravelCenters of America and Shell plan to open the first five LNG fueling centers in the United States in the first half of 2014, Thomas O’Brien, CEO of TA, said Nov. 4.
November 6, 2013Delphi’s 3Q Profits Rise
Vehicle components maker Delphi Automotive PLC said its third-quarter profit increased on higher sales.
November 6, 2013LEI Index Rises in September
An index of leading economic indicators rose in September from an increase the previous month, the New York-based Conference Board said Nov. 6.
November 6, 2013