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.

Letters to the Editor, Business

Letters: Driver Shortage, Drugs and Drivers, Teamsters Exit, NASTC’s Xmas List

There is no driver shortage for organizations that understand productivity, process capability and continuous improvement. How the organization thinks determines the extent of driver retention and whether a driver shortage is real or just an outcome of poor management.

December 13, 2010
Editorial, Business, Fuel

The Return of the Oil Speculators

There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.

December 13, 2010
Business

NTTC Asks NTSB to Re-examine ’97 Accident Blamed on Wetlines

The president of the National Tank Truck Carriers has asked the National Transportation Safety Board to reopen its investigation into a fatal 1997 tank truck accident in Yonkers, N.Y., that he said has become the “poster child” of the agency’s campaign to require purge retrofits for cargo tank wetlines.

December 13, 2010
Business, Fuel

Biodiesel Producers Can Meet Mandate Despite Lack of Tax Credit, Experts Say

U.S. biomass-based diesel producers have the capacity to meet an 800 million-gallon federal mandate in 2011, despite a marked decline in biodiesel production over the past year and a failure by Congress so far to reinstate a $1 per gallon biodiesel tax credit, according to the U.S. Environmental Protection Agency and industry experts.

December 13, 2010
Business, Government

Brokers Must Provide Public More Information about Household Goods Movers, FMCSA Rules

The Federal Motor Carrier Safety Administration has issued new rules that will require brokers working with household goods movers to provide more information to consumers.

December 13, 2010
Business

Michigan Senate Kills Legislation Enabling New Detroit Bridge

A bill that would have enabled construction of a new, publicly owned bridge between Detroit and Windsor, Ontario, has died in the Michigan legislature.

December 13, 2010
Business

SeaBridge Temporarily Halts Operations

December 13, 2010
Business, Fuel

Diesel Rises 3.5¢ to $3.197

U.S. retail fuel prices jumped last week, reversing declines over the past two weeks, as the average cost of a gallon of diesel rose 3.5 cents to reach $3.197, the U.S. Department of Energy reported.

December 13, 2010
Business

Dynamex Receives Higher Buyout Bid

Dynamex Inc., Dallas, said it had received a new offer of $25 a share from a potential buyer that exceeds the acquisition proposal from an affiliate of Greenbriar Equity Group LLC.

December 10, 2010
Business

Consumer Confidence Hits Six-Month High

Consumer confidence rose to a six-month high this month, according to the preliminary monthly Thomson Reuters/University of Michigan consumer sentiment index released Friday.

December 10, 2010