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.
L.A. Port to Ask Six Carriers for Refunds on Subsidies Given to Buy Clean Trucks
After nine months of wrangling over drayage truck data, Port of Los Angeles officials said they plan to soon ask six carriers who received subsidies for purchasing new cleaner-running trucks to refund a total of more than $1.5 million for trucks that did not make enough trips to the port last year.
June 6, 2011Connecticut to Close State Rest Stops
Truckers traveling on Connecticut interstates are facing the loss of scarce parking spots due to planned state rest stop closings.
DHL Buys Midwest LTL Carrier Standard Forwarding
DHL has acquired Standard Forwarding, a less-than-truckload carrier based in East Moline, Ill., the (Davenport, Iowa) Quad-City Times reported. Terms were not released.
June 6, 2011Canadian Postal Strike Continues
Canada’s postal strike continued over the weekend, with workers in Montreal going out on strike Sunday night, which could affect the entire province of Quebec, the Canadian Press reported Monday.
June 6, 2011East Coast Ports Set Grants to Purchase Newer Trucks
The clean-truck programs that began at West Coast ports are moving to the East Coast, as evidenced by grant awards this month to drayage truckers in the mid-Atlantic region who want to buy newer models.
June 6, 2011Union, Vehicle Haulers Reach Tentative Deal on New Contract Covering 8,100 Truckers
The Teamsters union on June 1 announced a tentative contract agreement with vehicle hauling companies that employ an estimated 8,100 drivers, just hours after the previous contract expired.
June 6, 2011Technology, Business Changes Altering System for Buying and Selling Transportation Services
New technology and a changing business environment are having a profound effect on the way transportation services are bought and sold.
June 6, 2011Oil Drops Below $99 a Barrel
Oil fell below $99 a barrel in early trading Monday on signs of lower demand and a possible supply boost by OPEC, Bloomberg reported.
June 6, 2011Letters: Broker Surety Bill Redux, Recruitment Claims
Without small brokers serving the industry, independent truckers would be at the mercy of a small, powerful group of large property brokers to secure their loads on the backhaul.
June 6, 2011New Trailer Orders Surge 71% in April
Commercial trailer producers received 19,579 new orders in April, a 71% jump from the same month last year, and the manufacturers’ backlog rose above 100,000 for the first time in the current recovery, ACT Research Co. said.
June 6, 2011