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.
Some Fleets Lengthen Oil-Drainage Intervals as Lubricants, Engines Improve, Suppliers Say
Engine-oil drain intervals are generally lengthening as lubricants and engines improve, but fleet managers still face the dilemma of whether to extend replacement timeframes to make their trucks more productive or remain conservative to protect their equipment.
April 1, 2013Navistar CEO Sees Potential for Adaptable Truck Makers
LOUISVILLE, Ky. — The new leader of Navistar International Corp. said he sees profit opportunities for all truck makers, but warned they will have to wade through a difficult business environment, filled with regulatory and operational obstacles, as well as static demand for new trucks.
April 1, 2013Va. Nears End of Fuel Tax and Campaign to Toll I-95
Virginia Gov. Bob McDonnell (R) last week signed a transportation funding bill that replaces the state’s 17.5-cent-a-gallon tax on diesel and gasoline with sales taxes that will pay for roads and public transit.
April 1, 2013FMCSA Urged to Lift Standards for Training of Novice Drivers
LOUISVILLE, Ky. — Truck drivers and instructors told Federal Motor Carrier Safety Administration officials they should mandate far more training for new drivers than currently required.
April 1, 2013ABF, Teamsters Extend Contract Talks
ABF Freight System’s contract talks with the Teamsters union last week were extended 30 days beyond a March 31 contract deadline, the company announced, as continued progress was reported.
April 1, 2013Diesel Dips 4.1¢ to $4.006
The average price of a gallon of retail diesel declined for a fourth week in a row, slipping 4.1 cents to $4.006 per gallon, the Department of Energy reported.
April 1, 2013Intermodal Traffic Rises 1.4% for Week
U.S. rail intermodal traffic rose 1.4% to 235,641 units last week over the same week a year ago, the Association of American Railroads said.
March 29, 2013Japanese Exchange to Trade LNG Futures Within Two Years
Japan, the world’s largest buyer of liquefied natural gas, plans to list the world’s first futures contract for LNG within two years, Bloomberg News reported Friday.
March 29, 2013Cox Transfer to Acquire Horton Trucking
Flatbed carrier Cox Transfer said it will acquire Horton Trucking, effective April 1. Terms were not disclosed.
March 29, 2013Consumer Confidence Rises to Four-Month High
Consumer confidence increased in March to a four-month high, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
March 29, 2013