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.

Government, Business, Safety

Inspectors Gain Additional Authority to Inspect Hazmats Under New Rule

The Pipeline and Hazardous Materials Safety Administration said a new federal rule will expand the enforcement authority of federal regulators to conduct “enhanced inspections” and investigations of packaged hazardous materials.

March 14, 2011
Business, Government, Safety

Agencies Duplicated Inspections, GAO Says

The Federal Motor Carrier Safety Administration and the Transportation Security Administration have conducted several dozen overlapping fleet inspections, according to a recent Government Accountability Office report about wasteful and duplicative federal programs.

March 14, 2011
Business

IdleAir Execs Defend Idle-Reduction Product After Criticism From TravelCenters CEO

Executives of IdleAir, a truck stop idle-reduction equipment operator, defended their service after sharp criticism from the company’s former largest landlord.

March 14, 2011
Business

Navistar Gets Emissions OK

Truck and engine maker Navistar Inc. said it has won regulatory approval for its 15-liter power plant, which it will unveil later this month at the Mid-America Trucking Show, and that it has submitted documents to the U.S. Environmental Protection Agency and California Air Resources Board for a 13-liter engine that meets nitrogen oxide limits without the use of emission credits.

March 14, 2011
Government, Business, Technology, Equipment

U.S. to Require EOBRs on Trucks From Mexico and Plans to Pay for Them With Federal Money

The Federal Motor Carrier Safety Administration will require all Mexican trucks entering the United States to be equipped with electronic onboard recorders — and will pay for them — an agency spokeswoman said last week.

March 14, 2011
Government, Business

Trucking, Retailers Again Ask FMCSA to Withdraw Latest HOS Proposal

Trade organizations representing motor carriers, shippers, and retailers continued their campaign against the Federal Motor Carrier Safety Administration’s proposed hours-of-service rule change, making last-minute appeals last week that the agency withdraw the rule and claiming it would hurt supply chain productivity and highway safety.

March 14, 2011
Business

FMCSA Issues Bogus Threats to Carriers

Thousands of motor carriers have received erroneous warnings from the Federal Motor Carrier Safety Administration recently about the possible loss of their operating authority due to the cancellation of cargo insurance policies that the agency no longer requires in most cases.

March 14, 2011
Business, Technology

Rand McNally Launches TruckPC Upgrades

Rand McNally introduced a series of upgrades to its TruckPC device Monday including navigation improvements, two-way communication and truck monitoring, it said.

March 14, 2011
Business, Fuel

Fuel Prices Take Another Leap

U.S. retail diesel prices shot up another 15.5 cents last week in the largest one-week increase in nearly three years, as the national average price reached $3.871 a gallon, the highest since October 2008, the Department of Energy said.

March 14, 2011
Business, Fuel

Obama Says U.S. May Tap Oil Reserve

President Obama said Friday he is prepared to tap the Strategic Petroleum Reserve if needed to prevent any oil supply disruptions, even as oil prices slipped, news services reported.

March 11, 2011