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.
FMCSA Says HOS Exception Doesn’t Apply to Oil-Field Drivers Hauling Sand, Water
The Federal Motor Carrier Safety Administration refused last week to make changes to a regulatory guidance document it published last year allowing some specialty truck drivers at oil and gas exploration sites to extend their workdays.
August 19, 2013Detroit Reman Taps New Chief, Announces Expansion of Plant
HIBBING, Minn. — Detroit Diesel Remanufacturing unveiled plans for expansion of its electronics unit here and announced a change in top management of this Daimler Trucks North America subsidiary.
August 19, 2013Judge to Weigh Bid to Depose Pilot CEO by Georgia Fleet in Rebate Fraud Lawsuit
A judge in Knoxville, Tenn. has scheduled an Aug. 22 hearing to consider whether to allow a Georgia motor carrier to take a sworn deposition from Pilot Flying J CEO Jimmy Haslam and three other executives of the truck stop chain in connection with a rebate-discount fraud lawsuit.
August 19, 2013HOS Combatants Agree Court Ruling Marks End of 17-Year Regulatory Fight
The chief adversaries in the nearly 17-year battle over federal work rules for commercial drivers agreed that the recent appeals court decision upholding most of the government’s latest regulation closes the book on the overhaul of the so-called hours-of-service rule, which had not changed significantly in 57 years.
August 19, 2013Diesel Dips 1.3¢ to $3.896, Extending ‘Unexciting’ Run
The average price of a gallon of U.S. retail diesel last week inched down 1.3 cents to $3.896, continuing a pattern of “unexciting” fuel moves that offer little consolation to fleets.
August 19, 2013Roadrunner Buys Southeast Drayage Division of Transport Corp. of America
Roadrunner Transportation Systems said it has acquired the Southeast drayage division of Transport Corporation of America Inc. for about $1.2 million.
August 16, 2013Consumer Confidence Declines in August
Consumer confidence declined this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
August 16, 2013Housing Starts Rise 5.9% in July
July housing starts climbed 5.9% on a rise in multifamily projects, the Commerce Department said Friday.
August 16, 2013Productivity Rises in Second Quarter
U.S. workers’ productivity rose 0.9% in the second quarter, the Labor Department reported Friday.
August 16, 2013Intermodal Traffic Rises 6.1% for Week
Intermodal volume rose 6.1% for the week ended Saturday from the same week a year ago, the Association of American Railroads reported.
August 16, 2013