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.
Jobless Claims Rise by 28,000 for Week
Initial jobless claims rose by 28,000 last week, the Labor Department said Thursday.
April 4, 2013Idaho Gov. Signs Anti-Indemnification Law, Approves Heavier Trucks
Idaho Gov. C.L. “Butch” Otter has signed bills that will protect truckers from unfair shipping contracts and make permanent a 129,000-pound weight limit for trucks on state routes.
Drug, Alcohol Database Proposal Sent to White House for Review
The White House has started to review a proposed regulation that would create a national database of every commercial driver who has failed a required drug or alcohol test or refused to take one — the final review before the proposal can be issued.
Continental Express Acquires Ranger Refrigerated
Truckload carrier Continental Express said it has acquired Texas carrier Ranger Refrigerated Express Corp. Terms were not disclosed.
April 3, 2013March Truck Orders Increase 11% Year-Over-Year
Orders for Class 8 trucks were 11% higher in March than the same month last year, at 21,817 units, according to preliminary data released by FTR Associates.
April 3, 2013Oil Takes Biggest Drop of Year as Supplies Rise
Oil took its biggest drop of the year Wednesday, declining almost $3 per barrel following a Department of Energy report that showed inventories rose to the highest level since 1990, Bloomberg News reported.
April 3, 2013Ohio Transportation Law Will Raise Speed Limit to 70 MPH
Ohio Gov. John Kasich (R) signed a two-year, $7.6 billion transportation measure into law that will raise the top speed limit on the state’s interstate highways to 70 mph, news reports said.
April 3, 2013U.S. Auto Sales Jump in March
U.S. automakers reported their strongest March sales in five years, the Wall Street Journal reported Wednesday.
April 3, 2013Yokohama Tire Names CEO, Creates Mexican Subsidiary
Yokohama Tire Corp. named a new CEO and said it was opening a new subsidiary in Mexico.
April 3, 2013ATRI Surveying Carriers on Operational Costs
The American Transportation Research Institute is surveying motor carriers on their operational costs.
April 2, 2013