Business

About Business News...

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.

Perspective, Business

Opinion: Managing Cargo Security

Cargo theft is on the rise, and, thanks to various reporting groups, we carriers, shippers and consignees are now able to track theft patterns and take steps to reduce our chances of being involved in such incidents.

November 21, 2011
Business

October Truck Sales Skyrocket

Heavy-duty truck sales in the United States skyrocketed in October, doubling from the corresponding month last year, and with a 174.2% sales gain by Navistar Inc. leading to the industry’s greatest single-month volume since January 2007.

November 21, 2011
Business, Technology

Onboard Computers Are Gaining Acceptance Among Truck Drivers After Initial Skepticism

Onboard computers, which many drivers and fleet managers greeted with much skepticism when they were introduced, have become a popular in-cab device, according to  several users.

November 21, 2011
Business

TIA, NITL Close to Finishing Revision of Model Broker-Shipper Agreement

ATLANTA — The Transportation Intermediaries Association and the National Industrial Transportation League are nearing completion on a revised model agreement between brokers and shippers that is designed to serve as a model contract for freight transactions, TIA’s president said.

November 21, 2011
Business

U.S. Xpress, CRST Outline Expanded Services

ATLANTA — Large truckload carriers U.S. Xpress Enterprises and CRST International last week said they are expanding their team-driver service offerings to tap the refrigerated truckload market for produce shipments.

November 21, 2011
Business

NTSB Won’t Reinvestigate Fatal ’97 Accident That Led to Stricter Tank Truck Wetlines Rules

The National Transportation Safety Board has refused to reconsider its investigation of a fatal 1997 accident in Yonkers, N.Y., one often cited in support of stricter wetlines regulations on tank trucks.

November 21, 2011
Business

GOP Offers Five-Year Highway Bill Funded by Oil Drilling in U.S.

Republican leaders in the U.S. House of Representatives said they would introduce a five-year highway funding bill that would be paid for by expanded domestic oil drilling.

November 21, 2011
Business

ATA: Sleep Study Fails to Justify HOS Change

A university sleep study cited by federal regulators in a proposed hours-of-service rule is “insufficient” to justify changing the rule’s 34-hour restart provision, according to American Trucking Associations.

November 21, 2011
Business

FMCSA Drops Its 2012 Electronic Log Rule Aimed at Carriers With Major HOS Offenses

ATLANTA — The Federal Motor Carrier Safety Administration will withdraw its rule requiring motor carriers with serious hours-of-service compliance violations to install electronic logging devices June 1, 2012, Administrator Anne Ferro said last week.

November 21, 2011
Business, Fuel

Diesel Jumps 10¢ to $3.987, in Largest Increase in 7 Months

U.S. retail diesel prices jumped last week, as the national average gained 10 cents a gallon to $3.987, the largest weekly increase in more than seven months, the Department of Energy reported.

November 21, 2011