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.
Editorial: Reckless Texas
In a brazen display of recklessness, and with utter disregard for the safety implications of its decision, Texas has decided to let its private “partner” on a section of State Highway 130, also called Pickle Parkway, post an 85-mile-per-hour speed limit, the highest in the country, when it opens.
September 17, 2012North American Truck Production to Grow 11.5% Despite Softness in Orders, Analyst Predicts
COLUMBUS, Ind. — North American heavy-duty truck production should rise to 284,700 vehicles this year, an 11.5% gain from 2011, despite a continuing decline in orders, ACT Research Co. said.
September 17, 2012Software Systems Help Warehouses, Carriers Move Freight Quickly, Accurately, Users Say
Where warehouse dockworkers once had to go to a supervisor’s window for their assignments, advanced software has eliminated this and other long-standing procedures — turning the process of managing distribution centers into a faster, better-coordinated system, users and vendors said.
September 17, 2012ATA Opposes Texas’ Decision to Allow 85 MPH Speed Limit
American Trucking Associations has urged Texas to reverse its decision set a speed limit of 85 miles an hour — the fastest in the nation — for cars and trucks on a soon-to-open portion of a toll road between Austin and San Antonio.
September 17, 2012TMC Taps Ryder’s Christopher Barnett as Grand Champion of SuperTech 2012
PITTSBURGH — Christopher Barnett Sr. of Ryder System Inc., who did not place first in any individual event at SuperTech 2012, was named trucking’s top technician after a strong performance on the written test and at the 17 skill stations that are part of the premier contest.
September 17, 2012Natso Rejects $7.25 Billion Settlement in Lawsuit Over Credit Card Swipe Fees
Natso said last week it had rejected a settlement offer from major banks and credit card networks to end a lawsuit involving credit card swipe fees, saying it does not go far enough to reform a “broken system.”
September 17, 2012Talks to Resume Ahead of Sept. 30 Expiration of Labor Contract at East, Gulf Coast Ports
Talks are resuming this week between management and the union that represents East Coast and Gulf Coast dock workers as negotiators work against a Sept. 30 contract expiration.
September 17, 2012Truckload Driver Turnover Surges
Driver turnover at large truckload carriers reached 106% in the second quarter — the highest level since the final quarter of 2007 — as fleets looked for staff to move modestly higher freight volumes this year, American Trucking Associations reported.
September 17, 2012Experts Say Aging, Staff Needs Driving Fleet Merger Frenzy
NEW YORK — Aging fleet owners, struggling small carriers and the never-ending search for enough qualified drivers are combining to heat up the trucking acquisition market this year, according to industry executives and experts.
September 17, 2012Werner Enterprises Tests Natural Gas Engines; Paper Transport Reports Favorable Results
COLUMBUS, Ind. — Trucking’s experiment with natural gas engines continues to expand, as another major truckload fleet said it was testing the fuel, and a medium-size fleet already reported significantly favorable results in regional and local shipping.
September 17, 2012