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.
Diesel Drops 3.7¢ to $3.894 in Third Decline
Diesel’s national average pump price fell 3.7 cents to $3.894 a gallon, its third straight downturn, while gasoline also declined, the Department of Energy said.
December 14, 2011Former ATA Chairman and U.S. Xpress Co-Founder Patrick Quinn Dies at 65
Patrick Quinn, co-founder, co-chairman and president of U.S. Xpress Enterprises and a former chairman of American Trucking Associations, died Tuesday. Quinn, 65, had brain cancer.
December 13, 2011Truck Driver Turnover Rate Rises for Fourth Straight Quarter
The turnover rate for truckload drivers at large fleets rose to 89% in the third quarter, from 79% in the second quarter, the fourth straight increase, American Trucking Associations reported.
December 13, 2011Trucking Companies Deliver Wreaths to Honor Veterans
Trucking companies from across the country volunteered their services this month to deliver donated wreaths to veterans’ tombstones in conjunction with Wreaths Across America.
December 13, 2011Business Inventories Rise in October
Business inventories rose 0.8% in October while sales increased, the Commerce Department said Tuesday.
December 13, 2011Retail Sales Edge Up 0.2% in November
Retail sales improved 0.2% in November, the slowest rate of growth in five months, the Commerce Department said Tuesday.
December 13, 2011Volvo Trucks Offers Bluetooth as Standard
Volvo Trucks in North America announced on Monday that it will now offer its Bluetooth-equipped radio as standard equipment on all VN and VHD models.
December 12, 2011Shippers Push for Expanded Higher Truck Weight Limits
Some shippers are pushing for higher truck weight limits, following moves by Maine and Vermont to allow oversize loads, Bloomberg reported.
December 12, 2011Protesters March on West Coast Ports
Protesters from the Occupy movement marched on West Coast ports including in Oakland and Long Beach, Calif., Monday, in an effort to shut down the facilities, news reports said.
December 12, 2011Opinion: Shorepower — Not Just for Boats
The vision is to have almost every truck equipped with shore-power-friendly systems and to have ubiquitous shore power so that anywhere truckers think about idling for any length of time, they have an alternative.
December 12, 2011