Business

About Business News...

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.

Business

Underwriters at NAFC Say They Struggle to Decipher CSA’s Insurance Implications

TAMPA, Fla. — Insurance underwriters for trucking are concerned about the federal Compliance, Safety, Accountability program but are not sure about how to deal with it, an insurance agent told trucking executives meeting here.

June 18, 2012
Business

Industry Pressing for CSA Changes, Former FMCSA Administrator Says

SAN DIEGO — Compliance, Safety, Accountability is “here to stay,” but it’s likely that changes are ahead for the program as industry pressure continues to mount, a former administrator of the Federal Motor Carrier Safety Administration said.

June 18, 2012
Business, Technology, Equipment, Safety, Autonomous

Car Hauler Allied Files Again for Bankruptcy; Cites Weakness in Auto, Light-Truck Business

Allied Systems Holdings Inc., the largest U.S. car hauler, last week filed for Chapter 11 bankruptcy protection, the second time it has done so, saying it’s continuing to provide service and blaming weakness in the car and light-truck business for the move.

June 18, 2012
Business

ATA Demands Release of Years-Old Study on Weighting of Violations in CSA Scores

In its second request in a week for closely held federal research, American Trucking Associations is asking federal regulators to publicly release a five-year-old study that contains data explaining how regulators weight violations that it used to compute Compliance, Safety, Accountability program safety scores for drivers and carriers.

June 18, 2012
Business

Small Truckload Fleet Turnover Rises

Driver turnover at small truckload fleets rose sharply in the first quarter to 71% from 55% in the fourth quarter of 2011, the largest quarter-to-quarter increase in seven years, propelled by financial pressures and other factors, American Trucking Associations reported.

June 18, 2012
Business

Court Voids Interim Engine Rule That Allows Navistar’s Sales

A federal appeals court overturned a stopgap Environmental Protection Agency regulation that allowed Navistar Inc. to pay fines to sell heavy-duty diesel engines that do not meet 2010 emissions standards.

June 18, 2012
Business

Suspension Makers Work to Counter Effects of Deteriorating Roads on Truck Chassis

The failure of Congress to pass legislation to provide funding to improve and expand the nation’s highway system has left many roads covered with cracks, potholes and uneven pavement, which are creating additional challenges for some vehicle suspension makers, according to company officials.

June 18, 2012
Business

FedEx Freight Raises Rates; Other LTLs Increase Prices

FedEx Freight levied a 6.9% rate increase, prompting other less-than-truckload carriers to signal similar moves as they try to capitalize on a strong rate environment.

June 18, 2012
Business, Fuel

Diesel Drops 6.5¢, Most Since December

Retail diesel prices dropped for the ninth week in a row, and analysts said they could fall even more as the national average declined 6.5 cents to $3.781 a gallon last week, the Energy Department reported.

June 18, 2012
Business, Logistics

Intermodal Traffic Rises 3.8% for Week

U.S. intermodal traffic rose 3.8% for the week ended Saturday from a year ago, the Association of American Railroads said.

June 15, 2012