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.
Driver Shortage Requires Industry Action, Experts Say
LAS VEGAS — The shortage of truck drivers will worsen as the economy recovers and as the federal government adds more regulations, so it is critical the industry retains current drivers and attracts younger ones to the profession, a panel of experts said here Tuesday.
October 9, 2012Daimler Sees Longer-Term Sales Growth
LAS VEGAS — Two top Daimler Trucks executives said they expect good long-term growth in sales, both in North America and the world, but said they are not sure when the acceleration will take place from the current sluggish levels of expansion.
Diesel Rises 1.5¢ to $4.094 a Gallon
Diesel rose 1.5 cents to $4.094, its first rise since Sept. 17, and gasoline also rose, the Department of Energy reported Tuesday.
October 9, 2012FleetPride to Be Purchased by TPG
Heavy-duty truck and trailer parts supplier FleetPride Inc. said it has agreed to be acquired by private equity firm TPG.
October 9, 2012Interest Groups Relied on Faulty Arguments To Challenge HOS Provisions, ATA Asserts
A coalition of interest groups relied on faulty arguments that were often out of context and used little or no data in their objections to a recent truck driver hours-of-service rule that kept both the 11-hour workday and the 34-hour restart, American Trucking Associations told a federal court last week.
October 9, 2012FedEx Sets Three-Year $1.7 Billion Profit Growth Plan
FedEx Corp. set a goal to boost profit by $1.7 billion within three years, by cutting costs, as customers shift away from overnight shipments to slower and cheaper deliveries, Bloomberg reported.
October 9, 2012Oil Rises After Two Days of Drops
Oil rose after two days of decreases on optimism that European finance ministers will make progress on the region’s debt crisis, Bloomberg reported.
October 9, 2012Louisiana’s Cathy Gautreaux Wins TAEC Leadership Award
LAS VEGAS — Cathy Gautreaux, executive director of the Louisiana Motor Transport Association, was presented with the 11th annual ATA President Trucking Association Executive Council Leadership award here at ATA’s Management Conference & Exhibition here.
October 9, 2012CSA Overtakes Economy as Trucking’s No. 1 Concern, ATRI Survey Shows
LAS VEGAS — The federal CSA safety ratings program replaced the economy atop the list of the most critical issues facing the trucking industry, the American Transportation Research Institute announced.
October 8, 2012Mack, Michelin to Continue Sponsoring ‘Share the Road’ Program
LAS VEGAS — Mack Trucks Inc. and Michelin North America said they will continue as the main sponsors of American Trucking Associations’ Share the Road program in 2013.
October 8, 2012