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.
Dramatic Texas Tornados Damage Equipment at Three Truck Facilities; No Injuries Reported
A burst of tornados struck the Dallas area last week, severely damaging trucks and trailers at a Schneider National Inc. terminal, a truck dealer’s facility and a trailer dealer’s lot.
April 9, 2012New Trailer Orders Decline 4%, but Makers Remain Confident
Customers ordered a net total of 21,800 new commercial trailers in February, a 4% drop from last February, ACT Research Co. reported, but manufacturers were confident it was just a temporary lull.
April 9, 2012U.S. Appeals Court Rejects Most Claims Made by EEOC in Action Against CRST
A federal appeals court recently rejected nearly all of the sweeping allegations the Equal Employment Opportunity Commission made in a 2007 lawsuit that accused CRST Van Expedited Inc. of being responsible for “severe and pervasive” sexual harassment in its new-driver training program.
April 9, 2012Diesel Average Dips 0.5¢ for First Decline in 10 Weeks
Retail diesel prices dipped 0.5 cent last week to $4.142 a gallon, interrupting a price advance that had raised the price of trucking’s main fuel nearly 30 cents over the previous nine weeks, the Department of Energy reported.
April 9, 2012FMCSA Approves Another Mexican Carrier for U.S. Operation
Baja Express Transportes, Tijuana, Mexico, has been granted authority to operate throughout the United States, the third carrier to get authority under the cross-border trucking pilot program with Mexico.
April 6, 2012Intermodal Traffic Rises 3.6% for Week
U.S. intermodal traffic rose 3.6% for the week ended Saturday from a year ago, the Association of American Railroads said.
April 6, 2012Unemployment Rate Drops to Three-Year Low 8.2%; Trucking Jobs Decline
The U.S. unemployment declined to 8.2% in March — the lowest in three years — but trucking jobs fell by 1,900, the Labor Department said Friday.
April 6, 2012Trucks May Have Tinted Windows, Group Says
Truck owners are allowed to tint the windshields and side windows of a truck’s cab, which could protect drivers from harmful sunlight, the International Window Film Association said.
April 6, 2012Oil Finishes Week Over $103 a Barrel
Oil rose almost $2 on Thursday to finish the trading week at $103.31 a barrel, following an earlier report that jobless claims fell to the lowest level in four years, Bloomberg reported.
April 6, 2012FedEx Buys Polish Ground Courier
FedEx Corp. said Thursday it has agreed to acquire the Polish courier Opek Sp.z o.o. to expand its services in Europe.
April 5, 2012