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.
April Truck Sales Leap 41%
Heavy-duty U.S. truck sales leaped 41.1% in April, compared with the same month in 2010, marking the 16th straight month of expansion, and outpacing the in-dustry’s 35.9% growth for the first four months of this year.
May 16, 2011White House Won’t Back VMT to Raise Road Funds, DOT Says
The Obama administration last week officially distanced itself from any talk of instituting a national tax based on the number of miles vehicles travel, saying it is not considering such a levy on American drivers.
May 16, 2011Trade Groups Grapple With Chassis Supply Fee Issues
Nearly two years after Maersk Line, the world’s largest ocean carrier, shook up the system for delivering freight containers from U.S. ports by requiring drayage truckers for the first time to pay rental fees for chassis, three trade groups are trying to foster an orderly transition to a new intermodal reality.
May 16, 2011Enforcement of Tanker Residue Rule Delayed as Carrier Industry, U.S. Customs Debate
U.S. Customs and Border Patrol officials have postponed the July 17 effective date for a controversial regulation requiring that motor carriers and exporters report even small amounts of residual chemicals left inside cargo tank containers when returning from deliveries in Canada and Mexico.
May 16, 2011Diesel Fuel Average Price Dips 2¢ to $4.104 a Gallon After Commodity Prices ‘Crash’
The average price for a gallon of U.S. retail diesel declined last week for only the third time this year, dipping 2 cents to $4.104, the Department of Energy reported.
May 16, 2011Intermodal Volume Rises 9% in First Quarter
Intermodal traffic volume rose 9% in the first quarter, the fifth straight year-over-year increase, the Intermodal Association of North America said Friday.
May 13, 2011Port of L.A. Container Volume Rises 3.7% in April
Total container volume at the Port of Los Angeles rose 3.7% in April from a year ago, the 15th consecutive month of growth, the port said.
May 13, 2011Express-1 Reports Higher 1Q Income
Express-1 Expedited Solutions said its first-quarter profit climbed 34% to $1.1 million, or 3 cents per share, from $834,000, or 3 cents, a year ago.
May 13, 2011Consumer Confidence Improves in May
Consumer confidence improved in May, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
May 13, 2011Comments on Mexican Trucks Program Due to DOT Friday
Comments on the Department of Transportation’s revised program to allow Mexican trucks access to U.S. highways are due on Friday.
May 13, 2011