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.
Gasoline Price Jumped 25¢ in Past Two Weeks, Lundberg Survey Reports
Gasoline prices jumped 25 cents in the past two weeks to $3.59 a gallon, while diesel rose 12 cents to $4.07, according to the latest Lundberg survey of filling stations released Sunday.
February 11, 2013Northeast Struggles to Clear Roads Following Weekend Snow Storm
Emergency crews struggled to clear roadways from the weekend’s big winter storm that dropped up to 3 feet of snow over several states in the Northeast, the Associated Press reported.
February 11, 2013Michigan Gov. Proposes 18-Cent Diesel Tax Hike
Michigan Gov. Rick Snyder (R) has proposed increasing the state diesel tax by 18 cents to a total of 33 cents a gallon to fix roads and bridges, the Associated Press reported.
February 11, 2013Opinion: Standard Forms Are Risky Business
As transportation and logistics businesses expand their services and customer bases in the rapidly evolving third-party logistics environment, many firms unknowingly expose themselves to legal risks by using a single, standard form of terms and conditions for all customer arrangements.
February 11, 2013Editorial: A $27 Billion Traffic Jam
Here’s a double-barreled dose of worrisome news: Trucking wasted some $27 billion in fuel and lost productivity during 2011 due to congestion in the nation’s largest urban areas; fuel prices spiked in the most recent survey by the Department of Energy, 9.5 cents a gallon for diesel and 18.1 cents for gasoline.
February 11, 2013Cummins Adds Market Share as Navistar, Paccar Decline
Independent engine maker Cummins Inc. extended its lead as the primary supplier to the North American heavy-duty diesel truck market last year, growing its market share to 40.4%, from 39.1% in 2011, WardsAuto.com reported.
February 11, 2013Jan. Truck Orders Total 22,600 Despite ‘Uncertainty,’ ACT Says
North American truck buyers ordered fewer Class 8 trucks in January than they did a year ago, but total orders still topped the 20,000 mark for the fourth straight month, ACT Research reported.
February 11, 2013El Paso, Juarez Plan Elevated Rail Shuttle to Move Trailers, Containers Cross-Border
Officials in El Paso, Texas, and Juarez, Mexico, said they are proceeding with an elevated, electric rail shuttle to move truck trailers and intermodal freight containers across the border that separates the two cities.
February 11, 2013Nat Gas Could Fuel Half of Heavy Trucks by 2050, Petroleum Industry Study Says
WASHINGTON — Natural gas-powered heavy trucks could represent a 40% to 50% market share by 2050 if the fuel retains its significant price advantage over diesel, according to an update of a two-year National Petroleum Council study.
February 11, 2013Arizona Trucking Taps Bradley as Association’s President
The Arizona Trucking Association selected Tony Bradley as its new president last week, ending a three-month search.
February 11, 2013