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.
Jack Cooper Says It Has Won Contest to Purchase Bankrupt Rival Allied
Automobile hauler Jack Cooper Transport was named the winning bidder to buy its bankrupt rival, Allied System Holdings, following an auction in Delaware Bankruptcy Court last week, Mike Riggs, chairman of Cooper, told Transport Topics on Sept. 12.
September 16, 2013Ohio Trucking Association’s Davis to Retire After 13 Years as Group’s Executive Director
Larry Davis, executive director of the Ohio Trucking Association, said he will retire in January after 13 years at the helm.
September 16, 2013Schools, Rivals Help Carriers Fill Growing Job Vacancies
Freight carriers, commercial fleet operators and third-party logistics companies are all putting out “Help Wanted” signs.
September 16, 2013FMCSA to Provide Brokers Additional Time To Prove They’ve Increased Bonds to $75,000
The Federal Motor Carrier Safety Administration said it will provide additional time for freight brokers to supply proof they’ve increased their minimum surety bonds to $75,000 from $10,000.
September 16, 2013DTNA, Volvo Ask Court to Revoke Approval Of Navistar’s 2012 EGR Engines by EPA
Lawyers for Daimler Trucks North America and Volvo Group told a federal court last week that the Environmental Protection Agency should vacate the compliance certificates on most Navistar Inc. MaxxForce engines made in 2012 because the rule EPA used for its approval was invalidated.
September 16, 2013August Truck Orders Up 20%
Orders for new heavy-duty trucks climbed 20% last month from a year earlier, boosting expectations that orders will keep rising in the fall and surpass normal seasonal trends, ACT Research reported.
September 16, 2013GAO Study Cites Flawed Data In PHMSA Wetlines Proposal
Flawed data used by hazardous-materials regulators to justify a 2011 regulation call into question the basis for the rule that would require the installation of technologies to purge liquid from tank truck wetlines, according to a new government report.
September 16, 2013Out-of-Service Rates Decline During 2013 Roadcheck Blitz
A record-tying low number of drivers were placed out of service for rules violations during the recent national safety inspection blitz known as Roadcheck, according to figures released last week by the Commercial Vehicle Safety Alliance.
September 16, 2013Diesel Stays at 5-Month High
The U.S. retail diesel price average was unchanged at $3.981 a gallon last week, holding steady at a five-month high, while regular gasoline dipped 2.1 cents to $3.587, the Department of Energy reported.
September 16, 2013ATA Says Highway Toll Funding Report Understates Public Opposition
A recent report on using tolls for highway funding understates public opposition to tolling, American Trucking Association said Sept. 13.
September 13, 2013