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.
FMCSA Cuts HOS Waivers for Some Oil, Gas Drivers
Federal regulatory “guidance” issued last week restricted the number of oil and gas well truck drivers who can extend their workdays beyond the 14-hour federal limit under the oil-field operations exemption to hours-of-service rules.
June 11, 2012Shipping Coalition, Senator Urge LaHood to Establish Freight Office Within DOT
A major coalition of freight stakeholders and Sen. Maria Cantwell (D-Wash.) have urged Transportation Secretary Ray LaHood to create a high-level intermodal freight office with a director who reports directly to him.
June 11, 2012Diesel Dips 5.1¢ to $3.846, After Eighth Straight Decline
U.S. retail diesel prices declined for the eighth straight week as trucking’s main fuel fell 5.1 cents more to a national average of $3.846 a gallon, according to the Department of Energy.
June 11, 2012Celadon to Buy Equipment From Hiner Transport
Celadon Trucking Services said it has agreed to buy a portion of the equipment owned by Hiner Transport LLC. Terms of the deal were not disclosed.
June 8, 2012FedEx Freight Announces 6.9% Rate Increase
FedEx Freight announced Friday it will raise shipping rates by 6.9% on July 9.
June 8, 2012U.S. Trade Deficit Narrows in April
The U.S. trade deficit shrank by 4.9% in April as a drop in imports more than offset the first exports decline in five months, the Commerce Department said Friday.
June 8, 2012Wholesale Inventories Rise in April
Wholesale inventories rose 0.6% in April as sales increased, the Commerce Department said Friday.
June 8, 2012Intermodal Traffic Rises 4.1% for Week
U.S. intermodal traffic rose 4.1% for the week ended Saturday from a year ago, the Association of American Railroads said.
June 8, 2012Navistar Reports 2Q Loss; Names New Truck and Engine Chief
Navistar International Corp. reported a second-quarter loss and said company executive Troy Clarke will head its truck and engine operations, in a newly created position.
June 7, 2012Shell Sets Plan for LNG Fueling at TA Truck Stops
Shell Oil Co. said Thursday it has signed a memorandum of understanding with TravelCenters of America LLC to provide liquefied natural gas for heavy-duty trucks at TA travel plazas.
June 7, 2012