Business

About Business News...

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.

Business, Technology

TxDOT Debuts Warning System to Increase Work-Zone Safety

The Texas Department of Transportation said it has introduced a warning system that utilizes sensors and electronic signage to reduce work-zone collisions.

May 6, 2013
Editorial, Business, Fuel

Editorial: Breaking the Fuel Spiral

Once again, the fuel price snake has turned its head and for nine weeks now has been favoring truckers and motorists with some relief. But we’re all experienced enough — or should we say skeptical enough — to know that the relief is surely short-term. Or is it?

May 6, 2013
Business

FMCSA Official Defends Hours Rule at NPTC

CINCINNATI — The Federal Motor Carrier Safety Administration’s chief safety officer strongly defended changes in driver hours-of-service rules slated to take effect in July, saying they are necessary to reduce exposure to fatigue that can lead to crashes.

May 6, 2013
Business

March Used-Truck Sales Rise But Trail Year-Ago Level

Sales of used Class 8 trucks in March reached their highest level since October despite coming in 18.2% short of the sales volume reached in March last year, ACT Research reported.

May 6, 2013
Business

Obama Taps Foxx for DOT

President Obama last week selected Anthony Foxx, the mayor of Charlotte, N.C., as the next secretary of transportation.

May 6, 2013
Business

Daimler Starts Full Production of AMTs for North America

GAGGENAU, Germany — Daimler Trucks officially began full production of its first automated manual transmissions designed for North American heavy-duty trucks at its plant here last week.

May 6, 2013
Business

UPS and Teamsters Reach Deal for Package, Freight Workers

Now that tentative five-year agreements between UPS Inc. and the Teamsters union have been reached, about 250,000 workers in the company’s package and freight units will vote in a ratification process that may take two months.

May 6, 2013
Business

Wide-Base Wheel Retrofits Can Save Money But Can Raise Maintenance Woes, Fleets Say

While wide-base wheels offer weight and fuel savings, especially when spec’d for a new truck, fleets need to be aware of the higher costs when retrofitting them and of the potential for maintenance problems if the job isn’t done right, suppliers and carrier executives warned.

May 6, 2013
Business

Experts Split Over Impact of Mexico Court Ruling

Trade experts assessing a federal appeals court’s recent affirmation of the United States’ cross-border trucking pilot program with Mexico could not agree whether it paved the way for a rush of new Mexican carriers.

May 6, 2013
Business, Equipment

Suppliers’ Quarterly Net Income Declines

Most leading suppliers to the trucking industry that reported earnings late last month said profits declined, or turned to losses, in the first three months of 2013.

May 6, 2013