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 Declines 2.9¢ to $4.13 a Gallon; Gasoline Drops for First Time This Year
Diesel fell for the first time in seven weeks, dropping 2.9 cents to $4.13 a gallon, and gasoline fell for the first time this year, the Department of Energy said.
March 4, 2013Qualcomm to Rename Truck Technology Unit
Qualcomm Inc. will change the name of its Qualcomm Enterprise Services division in the spring in conjunction with a corporate reorganization of the business.
Forward Air Buys Total Quality Inc.
Forward Air Corp. said Monday it has acquired Total Quality Inc., a logistics and trucking company that provides temperature-controlled services, for about $66 million.
March 4, 2013Ryder Renames Contract Carriage Division Ryder Dedicated
Ryder System said Monday it was renaming its Dedicated Contract Carriage division Ryder Dedicated, and that it is adding a new technology platform to the service.
March 4, 2013PeopleNet, Drivewyze Begin Product Collaboration
Onboard communications provider PeopleNet Communications Corp. and Drivewyze, creator of an electronic weigh station pre-clearance system, said they have agreed on a collaboration to offer products together.
March 4, 2013State Dept. Report Finds No Major Drawbacks to Keystone Pipeline
A U.S. State Department report said there would be no significant environmental drawbacks to the Keystone XL oil pipeline from Canada to the United States, the Associated Press reported.
March 4, 2013Opinion: Defending the American Dream
What happens when you have state budgets that are straining to come in balance and union representation that continues its long-trending downward slope as measured by percentage of workers covered? Unfortunately, the answer is an attempt to radically transform the trucking industry and an assault on the American dream.
March 4, 2013Editorial: $320 Million Here, $320 Million There
American Trucking Associations’ request to the Federal Motor Carrier Safety Administration that it delay implementation of its latest iteration of a new hours-of-service rule for a few months — until a federal appeals court has ruled on ATA’s challenge — was very straightforward.
March 4, 2013Suppliers Begin Costly Audit for African ‘Conflict Minerals’
Truck makers and suppliers say they will be among the industries hardest hit by a new federal rule that could cost U.S. businesses nearly $8 billion to search out and shed “conflict minerals” originating from central Africa.
March 4, 2013Truckload Fleets Shifting Driver Pay to Emphasize Performance
Truckload fleets increasingly are tying pay increases to driver performance, instead of giving across-the-board raises, according to industry experts and carrier executives.
March 4, 2013