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.

Letters to the Editor, Business

Letters: Broker Bonds Again, Recruitment Revisited, Hours-of-Service

This never-ending hours-of-service regulatory process reminds me of a quip from a John Wayne movie: “We’re burnin’ daylight.” Trucks continue to roll down our nation’s highways, with drivers more confused than ever on pending legislation.

June 20, 2011
Business, Government, Safety, Autonomous

ATA, Port of Los Angeles Continue Court Fight Over Classification of Independent Truckers

If an appeals court agrees with a lower court judge who backed the Port of Los Angeles’ argument that it is a business, then all drayage truck drivers will be required to be employees of licensed motor carriers.

June 20, 2011
Business

More Electrification Firms Vie for Truck Stop Business

Truck stop electrification initiatives are proliferating again as four vendors try to convince more drivers to shut down engines and use the systems’ heating, cooling and Internet options to reduce emissions, costs and fuel use.

June 20, 2011
Government, Business

Hours-of-Service Rule Change Would Raise Costs, Hurt Safety, Small Fleets Say

WASHINGTON — Replacing the current hours-of-service rule with one that cuts driving hours would put more inexperienced truck drivers on the road and pass increased transportation costs onto consumers, four executives who run trucks told a House subcommittee.

June 20, 2011
Business

Truck Engine Manufacturer Cummins to Add Employees as Industry Ramps Up

Cummins Inc., manufacturer of heavy-duty truck engines, said it is adding 600 white-collar workers at its Columbus, Ind., headquarters, joining the wave of truck-industry

June 20, 2011
Business, Logistics

U.S. Economy Shows Signs of Stalling, Logistics Analyst Says

WASHINGTON — There are signs the U.S. economy is stalling and could undermine a tenuous recovery for freight haulers, according to the author of a report on logistics costs by the Council of Supply Chain Management Professionals.

June 20, 2011
Business

Teamsters Expect to Vote Next Month on New Agreement With Car Haulers

Teamsters union members who deliver new vehicles will vote during July on the 51-month tentative agreement reached earlier this month by union leaders and carrier negotiators, the labor group announced.

June 20, 2011
Business, Safety, Government, Autonomous

NAFC, ITLC Set Meeting Agendas for Phoenix Meeting

Finance and information technology trucking executives are set to meet this week in Phoenix, as American Trucking Associations embarks on a campaign to reinvigorate some of its councils that had to retrench during the recession.

June 20, 2011
Business, Equipment

Low Rolling Resistance Tires Gain Traction With Carriers Seeking to Save Fuel, Money

The recent rise in diesel prices has given trucking companies a greater incentive to search for ways to cut fuel costs, according to carrier and tire manufacturer executives.

June 20, 2011
Business

Canadian Official Aims to End Lockout of 48,000 Unionized Postal Workers

Canada Post, the federal postal operator, locked out more than 48,000 workers last week after 12 days of partial strikes, prompting the labor minister to announce plans to end the service disruption through legislation.

June 20, 2011