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.
Higher Truck Tolls to Kick In July 1 on Bay Area Bridges
The San Francisco Bay Area Toll Authority is reminding truckers that the first exemption it granted to truckers on higher bridge tolls will expire on June 30.
C.R. England to Use Hair Samples as Part of Drug-Testing Partnership
C.R. England Inc. and Omega Laboratories Inc. announced a drug-screening partnership that will test the hair samples of truck driver applicants.
May 2, 2011YRC Reaches New Agreement on Restructuring
YRC Worldwide said it has reached a definitive agreement with creditors, labor groups and pension funds that would give the company $100 million in new capital as its restructuring moves forward.
May 2, 2011Frozen Food Express’ 1Q Loss Widens
Frozen Food Express Industries said its first-quarter loss doubled from a year ago despite higher tonnage and revenue.
May 2, 2011Construction Spending Rises 1.4% in March
Construction spending rose 1.4% in March, the biggest gain in almost a year, the Commerce Department said Monday.
May 2, 2011Oil Drops After U.S. Says Bin Laden Killed
Oil prices dropped by the most in almost seven weeks on speculation that the killing of Osama bin Laden may ease the risk of Middle East supply disruptions, Bloomberg reported Monday.
May 2, 2011Truck Order Backlog Grows
As the backlog of orders for heavy-duty trucks has grown to levels not seen since late 2006, at least three of the four major vehicle manufacturers have announced commodity surcharges, with the extra fees as much as $975 a truck.
May 2, 2011Letters: Trucking’s Real Cost, Soaring Fuel Prices, Mexican EOBRs
It is evident to me that the bigger 3PLs are adding trucks to their array of services because there are fewer trucks on the road.
May 2, 2011Shipper Demand, Government Mandates Lead Pallet Makers to Redesign Products
Customer demand for pallets — and government regulations aimed at ensuring their safety — are spurring innovations that allow shippers to take a customized, system-based approach that can best meet their needs.
May 2, 2011Higher Volumes Boost LTL Profits in 1Q Despite Rising Fuel Prices, Bad Weather
Freight volumes and rates rose enough to overcome weather and fuel-price increase headwinds, four publicly traded less-than-truckload carriers said last week, reporting improved first-quarter results.
May 2, 2011