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.
California High Court Issues Mixed Ruling on Employee Meal Breaks Regulation
A ruling by the California Supreme Court has given employers little clarity about a controversial law governing employee rest breaks, the state’s trucking association said.
April 23, 2012Trucking Remains Dominant Freight Mode, ATA Reports in Its Latest Edition of ‘Trends’
Trucking continues to be the dominant mode of freight transportation in the United States, with the industry hauling 67% of all freight in 2011, American Trucking Associations said in its latest edition of “American Trucking Trends.”
April 23, 2012Medium-Duty Truck Purchases Increase 16% in March
U.S. Class 7 sales jumped 20.3% in March compared with the same month last year, while Class 6 sales rose just 1.6%, WardsAuto.com reported.
April 23, 2012Diesel Price Falls by 2.1¢ to $4.127, While Gasoline Drops 1.7¢ to $3.922
Retail diesel prices fell 2.1 cents a gallon to $4.127 last week, the U.S. Department of Energy reported, continuing a recent pattern of modest cost fluctuation after sharp increases earlier in the year.
April 23, 2012Intermodal Traffic Rises 1.6% for Week
U.S. intermodal traffic rose 1.6% for the week ended Saturday from a year ago, the Association of American Railroads said.
April 20, 2012More Companies Reach Hot Fuel Settlements
Three more companies have agreed to settle lawsuits related to “hot fuel” — gasoline and diesel that is not adjusted by volume to account for temperature — the Kansas City Star reported.
April 20, 2012Roadrunner Purchases Flatbed Carrier
Roadrunner Transportation Systems said it has purchased D&E Transport, an asset-light flatbed carrier, for $11.2 million.
April 20, 2012Forward Air’s 1Q Income Rises
Forward Air Corp.’s first-quarter net income rose to $10.3 million, or 35 cents a share, from $7.9 million, or 27 cents, a year ago.
April 20, 2012Hub Group Reports Record 1Q Profit
Hub Group said its first-quarter income jumped 30% on higher intermodal and logistics revenue.
April 20, 2012TT Associate Publisher Paul Rosenthal Dies at 54
Paul Rosenthal, associate publisher of marketing and circulation for Transport Topics Publishing Group, died suddenly on April 16 from natural causes. He was 54.