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.
Survey Finds Fewer Technical Problems With 2009 Trucks Than Previous Year
Owners of 2009 Class 8 trucks reported a drop in mechanical and technical problems from the previous year, including problems with engines, usually the largest source of complaints, J.D. Power and Associates said in a report.
July 11, 2011UPS, ABF Raise Rates 6.9%, Heralding Industry Increases
UPS Freight and ABF Freight System, two of the nation’s largest less-than-truckload carriers, recently announced general rate increases of 6.9% each, a move analysts said heralds an industry push to higher rates.
July 11, 2011FMCSA Says It Can Improve Road Safety by Regulating Shippers, Freight Brokers
The Federal Motor Carrier Safety Administration said it wants to extend its regulatory reach over the next five years to include not only trucks and buses but also shippers, brokers and receivers.
July 11, 2011Hair Tests Gain Favor Over Urinalysis in Drug Screens by Larger Carriers
Hair tests, which could keep more drug-abusing drivers off the road, are starting to gain favor among larger carriers though the number using them still are few and far between, experts said.
July 11, 2011U.S., Mexico Set Cross-Border Trucking Agreement
Top transportation officials of the United States and Mexico last week signed an agreement that will allow Mexican trucks to carry freight beyond border commercial trade zones, which will in turn prompt Mexico to remove $2.4 billion in retaliatory tariffs it imposed on U.S. products.
July 11, 2011Mica Proposes Highway Bill That Would Slash Funding
House Transportation Committee Chairman John Mica outlined a six-year, $230 billion transportation reauthorization plan that would sharply cut spending levels on road-related projects.
July 11, 2011Truck Tolls Increase on Indiana Toll Road
All vehicles started paying higher toll rates on July 1 on the Indiana Toll Road, just days after Gov. Mitch Daniels celebrated the fifth anniversary of the lease he signed with a private investment consortium to operate the roadway.
July 11, 2011Average Price of Diesel Fuel Drops 3.8¢ to $3.85 a Gallon
The average price of retail diesel fuel dropped to its lowest level since February last week, shedding 3.8 cents a gallon to $3.85, marking the eighth decline in nine weeks, the Department of Energy reported.
July 11, 2011House Republicans Propose Deep Cuts to Federal Highway Funding
House Republicans proposed a six-year, $230 billion highway-funding transportation package that is sharply lower than the level sought by the Obama administration, news services reported.
July 8, 2011Unemployment Rate Rises to 9.2% in June; Trucking Adds 4,400 Jobs
The U.S. unemployment rate rose a tenth of a point in June to 9.2%, the highest level this year, while the economy added 18,000 jobs to payrolls, the Labor Department said Friday.
July 8, 2011