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.
Wright Express Launches Fuel Site Locator App
Wright Express said it has launched a mobile application that uses up-to-date fuel prices and text-to-speech capability to help drivers locate the best fueling locations.
March 7, 2012Oil Rises From Two-Week Low
Oil rose from a two-week low in early trading Monday on forecasts that U.S. fuel supplies are declining, Bloomberg reported.
March 7, 2012Congress Continues Delay on Transportation Bill
Congress has again delayed voting on a transportation reauthorization bill, with House Republicans saying they want to rewrite their bill and senators on Tuesday voting against a measure to limit debate and amendments to their two-year, $109 billion bill.
Quality, Apollo Offer 5 Million of Carrier’s Shares
Tank truck carrier Quality Distribution and one of its major shareholders launched a secondary offering of the Tampa, Fla., company’s common shares.
March 6, 2012FMCSA to Set Rules on Detecting, Treating Drivers’ Sleep Disorders
WASHINGTON — The head of the Federal Motor Carrier Safety Administration said the agency will issue strict guidance to medical examiners later this year on how to detect and treat sleep disorders when administering physicals to truck drivers.
Daimler Recalling 110,000 Trucks
The National Highway Safety Administration said Daimler Trucks North America told the agency it is recalling more than 110,000 trucks because of potentially damaged engine fuel lines.
March 6, 2012TTNews Updates Limited Due to Snowstorm
Transport Topics’ Arlington, Va., offices are closed due to Wednesday’s snowstorm. News updates will be limited due to the storm and TT will resume full operations as soon as possible.
March 6, 2012Diesel Rises Again, Gaining 4.3¢ to $4.094
Diesel rose for the eighth week in the past nine, gaining 4.3 cents to $4.094, its highest price in 10 months, while gasoline jumped again, the Department of Energy said.
March 6, 2012Anti-Indemnification Passes in South Dakota
South Dakota last month became the 31st state to pass legislation protecting truckers from shipping contracts that require the carrier to shoulder all responsibility for accidents even though they may not be at fault.
Utah House Votes to Overturn City’s Truck Idling Limits
A bill passed by Utah’s House of Representatives last month would overturn Salt Lake City’s ban on excessive idling and restrict the ability of other municipalities to pass similar ordinances.