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.
YRC Announces Tentative Agreement with Teamsters Union
YRC Worldwide said it has reached a tentative agreement with the Teamsters union to address “competitiveness issues, re-entry into multi-employer pension funds and progress toward [the company’s] long-term growth.”
September 27, 2010Trailer Orders Jump 55% in August
Commercial trailer net orders rose 55% in August from a year earlier, ACT Research Co. said.
September 27, 2010State Highway Officials Avoid Vote on Cellphone Bans
The Governors Highway Safety Association has decided not to endorse complete bans on cellphone use while driving, the Washington Post reported Monday.
September 27, 2010OEMs Celebrate ‘Survival,’ Say Business Is Improving
HANOVER, Germany — The magic word at last week’s opening of the world’s biggest truck show seemed to be “survival,” as various manufacturers congratulated themselves and their remaining competitors for having survived the worst economic times since the end of World War II.
September 27, 2010Schlecht Named Grand Champ at TMC’s SuperTech Contest
RALEIGH, N.C. — Jeffrey Schlecht, a 27-year-old rookie from Nebraska, staked his claim here as the grand champion of truck maintenance, pushing aside 102 other competitors, including three former SuperTech winners.
September 27, 2010Universities, Schools Lack Adequate Funding to Meet ‘Critical’ Need for Supply-Chain Workers
As demand for people with transportation and logistics skills grows, many colleges and universities are finding it difficult to expand programs to meet the needs of shippers and freight carriers who are seeking trained workers and management personnel.
September 27, 2010Driver Turnover Rate Rises
Driver turnover rose measurably for the first time in nearly four years during the second quarter, American Trucking Associations reported, as increasing freight volumes gave drivers more options.
September 27, 2010LaHood Announces Broadened Texting Ban Aimed at Intrastate Hazmat Truck Drivers
WASHINGTON — Secretary of Transportation Ray LaHood announced that the Obama administration intends to issue a broader ban on texting while driving aimed at closing a jurisdictional loophole involving intrastate haulers of hazardous materials.
September 27, 2010Capstone Projects Test Logistics Students’ Skills
Many students who take master-level courses in logistics and supply chain management are required to undertake a special project, called a capstone project, to demonstrate their knowledge and skills.
More Foreign Competition Seen Hurting North American OEMs
Low-cost commercial vehicle producers in Russia, India and China are poised to push North American OEMs out of truck markets in emerging nations within four years, according to a study by AlixPartners LLP.
September 27, 2010