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.
Used-Truck Registrations Surge 10% as Fleets Replace Oldest Equipment
Registrations of used heavy-duty trucks increased 10% in the first half of 2013 from a year earlier as fleets replaced their oldest vehicles, R.L. Polk & Co. reported.
September 9, 2013California Asks EPA for Enforcement Approval of State’s Truck Greenhouse-Gas Regulation
California environmental regulators have asked the Environmental Protection Agency to grant the state permission to begin enforcing provisions of its heavy-duty greenhouse-gas regulation.
September 9, 2013Diesel Jumps 6.8¢ to $3.981
The average price of U.S. retail diesel last week had its sharpest increase since February, rising 6.8 cents to a five-month high of $3.981 a gallon, the Department of Energy reported.
September 9, 2013Trucking Jobs Flat in August; Unemployment Rate Falls to 7.3%
The number of trucking jobs in the United States did not change in August from July as the overall unemployment rate decreased to 7.3%, the lowest level since December 2008, the Labor Department said Sept. 6.
September 6, 2013Cass Freight Index Declines in August
The Cass Freight Index, which measures shipment activity in trucking and other transport modes, declined 0.4% in August from a year ago.
September 6, 2013EFS Upgrades Integration with TMW
Payment processing provider Electronic Funds Source said it has upgraded its integration with TMW Systems Inc.’s Innovative transportation management software.
Intermodal Traffic Reaches All-Time Monthly Record in August
U.S. intermodal traffic set a record for average weekly volume in August, the Association of American Railroads said Aug. 5.
September 6, 2013Shell Launches New Fuel Card for Fleets
Shell Oil Co. said it has launched a new fuel card designed to give fleets more control over purchases.
September 6, 2013Class 8 Orders Rise 20% in August, ACT Says
Orders for Class 8 trucks increased 20% in August from a year prior and were at their highest level in three months, ACT Research said Sept. 5.
September 5, 2013DOT Announces $474 Million in TIGER Grants
The U.S. Department of Transportation will give $474 million in grants to 52 transportation projects in 37 states as part of a competitive grant project, it said Sept. 5.
September 5, 2013