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.
Shippers Push Lawmakers for Higher Truck Weights
Allowing higher truck weights on interstate highways and helping captive shippers who use the railroads would promote freight mobility and make American companies more competitive globally, representatives of large shippers told a special U.S. House panel exploring freight issues.
Clarke Increases Stake in Vitran
Canadian holding company Clarke Inc. said it has purchased 1,000 shares of Vitran Corp., bringing its total stake in the company to 10%.
October 1, 2013Proposal Would Require Tank Endorsements for More Drivers
The Federal Motor Carrier Safety Administration has issued a proposed rule that could require as many as nearly 300,000 less-than-truckload drivers to obtain tanK-vehicle endorsements.
October 1, 2013ABF, Teamsters Extend Contract Through Oct. 29
ABF Freight System said it has agreed to extend its contract with the Teamsters union while the parties work to resolve two supplemental agreements before a new deal is finalized.
October 1, 2013ISM Manufacturing Index Rises in September
U.S. manufacturing activity’s rate of expansion rose in September, the Institute for Supply Management reported Oct. 1.
October 1, 2013Congress Backs Increased Funding to Fix Flood-Damaged Colo. Roads
The U.S. House and Senate are backing increased funding to fix Colorado’s flood-damaged roads, the Associated Press reported.
October 1, 2013Pilot’s Haslam: Changes Will Prevent Fuel Rebate Problems
Pilot Flying J CEO Jimmy Haslam said Sept. 30 that his company has instituted practices to prevent fuel-rebate discrepancies in response to revelations that the truck-stop chain short-changed some trucking company customers.
September 30, 2013Volvo Trucks Says 2014 Engines Will Be More Fuel Efficient
Volvo Trucks said it has increased fuel efficiency for its model year 2014 engines by up to 2% using new components.
September 30, 2013Wis. Gov. Declares Sagging Bridge an Emergency
Wisconsin Gov. Scott Walker (R) signed a declaration of emergency for the sagging Leo Frigo Memorial Bridge, which has been closed since Sept. 25, according to the Milwaukee Journal Sentinel.
September 30, 2013Manufacturing Activity in Chicago Expands in September
Manufacturing activity in the Chicago area grew in September, the Institute for Supply Management-Chicago said Sept. 25.
September 30, 2013