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.
Truck Tonnage Increases 4.8% in April for 17th Straight Year-Over-Year Gain
Truck tonnage continued its steady growth last month, rising 4.8% above April 2010 volumes, the 17th straight year-over-year gain, American Trucking Associations reported.
May 30, 2011Four Senators Unveil Outline of $339 Billion Highway Bill
Four key members of the U.S. Senate unveiled an outline of a bipartisan transportation bill that would authorize about $339 billion in spending over six years, as a move to break the long impasse over highway spending.
May 30, 2011Ferro Says FMCSA Should Complete Work on New Hours-of-Service Rule by October
BALTIMORE — The Federal Motor Carrier Safety Administration expects to complete work on hours-of-service rule revisions by late October, three months later than its original target date, according to Administrator Anne Ferro.
May 30, 2011Class 8 Truck Fleet Dips 1.2% as Firms Purge Older Models
U.S. truck owners registered more heavy-duty vehicles in the year’s first quarter than a year earlier, but also purged older trucks at an even faster rate, causing the nation’s Class 8 fleet size to drop for the fifth time in the past six quarters.
May 30, 2011Diesel Fuel Price Falls 6.4¢ to Below $4 a Gallon
The average cost of a gallon of retail diesel fell 6.4 cents to $3.997 a gallon last week, the largest weekly drop in a year, the Department of Energy reported.
May 30, 2011TTNews.com to Be Closed Monday for Memorial Day
Transport Topics Online will be closed Monday for the Memorial Day holiday. Please check back on Tuesday, May 31, for the latest trucking and freight transportation news.
May 27, 2011FMCSA to Issue HOS Rule by Oct. 28
The Federal Motor Carrier Safety Administration will publish its revised hours-of-service rule by Oct. 28, not the July 26 deadline previously set by a court, the agency said in a court filing.
May 27, 2011Consumer Confidence Remains in Upswing
Consumer confidence continues to improve in May, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
May 27, 2011Personal Spending Grows 0.4% in April
Consumer personal spending rose 0.4% in April, the Commerce Department said Friday.
May 27, 2011CLX Medical Adds Flatbed, Step Deck Service
Austin, Texas, motor carrier and logistics service CLX Medical has begun offering flatbed and step deck trucking logistics from its trucking division in McAlester, Okla.
May 27, 2011