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.
Groups Seek to Cut Driving Time as Part of Changes to HOS Rules
A coalition of interest groups that has repeatedly succeeded in challenging the Federal Motor Carrier Safety Administration’s hours-of-service rule last week pushed for dramatically cutting the current daily and weekly work-time limits.
June 28, 2010FMCSA Sticking to Timeline for Implementation of CSA
WASHINGTON — The Federal Motor Carrier Safety Administration remains “absolutely” committed to the current timeline for rolling out CSA 2010, Administrator Anne Ferro said.
June 28, 2010Detroit Diesel to Renovate Michigan Facility
Detroit Diesel Corp. said it will spend $194 million to renovate its 72-year-old Redford, Mich., plant, the latest example of truck makers pouring investments into diesel engine facilities to manufacture the complicated new power plants and vertically integrate production.
June 28, 2010Diesel, Gasoline Prices Rise
Retail diesel prices reversed course last week, as the national average rose 3.3 cents a gallon to $2.961 after falling 19.9 cents in the five previous weeks, the Department of Energy reported.
June 28, 2010YRC to Sell Logistics Business to Equity Firm for $37 Million
YRC Worldwide said Friday it has entered into an agreement to sell a portion of its YRC Logistics business to a private equity firm for $37 million.
June 25, 2010Truck Tonnage Rises 7.2% in May from a Year Ago
Truck tonnage rose 7.2% in May from a year ago, the sixth straight year-over-year increase, American Trucking Associations said Friday.
June 25, 2010FedEx Ground Plans New Chicago Distribution Center
FedEx Ground, the small-package ground unit of FedEx Corp., is building a package sorting and delivery station that would be the company’s fifth in the Chicago area.
June 25, 2010Consumer Confidence Hits Highest Level in Two Years
Consumer confidence rose this month to the highest level in more than two years, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
June 25, 2010Intermodal Traffic Jumps 21.2% for Week
Intermodal rail traffic jumped 21.2% last week, reaching the highest level since late 2008, the Association of American Railroads said.
June 25, 2010Durables Gain, Excluding Transportation Orders
Durable goods orders fell for the first time in six months but rose 0.9% excluding transportation orders, marking the third such gain in four months, the Commerce Department said Thursday.
June 24, 2010