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.
Diesel Average Inches Higher; Gasoline Declines for 4th Week
U.S. retail diesel prices changed direction last week, gaining 0.4 cent a gallon to reach a national average of $3.90 after declining 1.9 cents over the previous two weeks, the Department of Energy reported.
August 26, 2013Qualcomm Sells Trucking Tech Segment for $800 Million
Wireless technology firm Qualcomm Inc. said it has sold its transportation and logistics business, Omnitracs, to Vista Equity Partners for $800 million.
August 23, 2013PennDOT Adds Weight Restrictions to 1,000 Bridges
Pennsylvania Department of Transportation Secretary Barry Schoch said he has authorized his agency to increase weight restriction to about 1,000 structurally deficient bridges in the commonwealth.
August 23, 2013New Home Sales Drop 13.4% in July
New home sales fell 13.4% in July the Commerce Department reported Friday.
August 23, 2013Intermodal Traffic Rises 3.7% for Week
Intermodal volume rose 3.7% for the week ended Aug. 17 from the same week a year ago, the Association of American Railroads reported.
August 23, 2013FMCSA Considers Rest-Break Exemption for Concrete Drivers
The Federal Motor Carrier Safety Administration said it is considering a petition to exempt truck drivers hauling ready-mixed concrete from the new requirement that most drivers take a half-hour rest break before driving more than eight hours.
Smugglers Using Truck Axles to Hide Drugs Rounded Up by Federal Task Force
A Southern California-based federal drug task force rounded up more than 57 members of three alleged Mexican drug organizations accused of smuggling cocaine, methamphetamine and heroin into the U.S. by hiding the drugs in PVC pipes concealed in tractor-trailer axles, according to federal prosecutors.
California Highways Busiest in 2011, FHWA Says
Motorists in California drove 84.7 billion miles in 2011, making it the busiest state that year in terms of vehicle mileage, the Federal Highway Administration said Monday.
Paradigm Acquires Cam Trucking and Well Services
Paradigm Oil and Gas Inc. said it has acquired Ada, Okla.-based Cam Trucking and Well Services. Terms were not disclosed.
August 22, 2013FMCSA to Overhaul Registration System
The federal government is overhauling its system for trucking and bus company registration, in a move that will combine 16 forms that companies must complete into one Web-based electronic form, regulators said Thursday.