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 Reports 1Q Loss But Cites Improvement
YRC Worldwide Inc. reported a first-quarter loss of $274.1 million, nearly the same as a year earlier, but the less-than-truckload carrier cited steady progress in reducing operational losses in the most recent period.
May 10, 2010Graves Lashes Out at DOT
Frustrated with recent public comments by Transportation Secretary Ray LaHood and other Department of Transportation officials, American Trucking Associations President Bill Graves lashed out at policies and statements that he said tilt the playing field away from trucks and toward rail transport.
May 10, 2010Navistar, EPA Settle Lawsuit Over 2010 Engine Guidance
Navistar International Corp. announced that it has resolved its lawsuit against the U.S. Environmental Protection Agency, which had challenged EPA’s guidance to engine makers for certification of 2010 engines using selective catalytic reduction to cut emissions.
May 10, 2010Most LTLs Gain Volume in 1Q, Stabilize Revenue, See Growth
Less-than-truckload carriers as a group posted solid volume gains and stabilized their shaky revenue environment in the first months of 2010, experts said.
May 10, 2010ATA, Los Angeles Port to File Final Briefs after Heated ‘Clean Trucks’ Trial Concludes
After facing off in federal court in Los Angeles last month, attorneys for American Trucking Associations and the Port of Los Angeles are expected to file their final post-trial briefs this week in the contentious court dispute over parts of the port’s clean trucks program.
May 10, 2010Groups Show Support for Government’s Plan to Bar Truckers From Texting While Driving
The Federal Motor Carrier Safety Administration has broad support for its move to bar truck drivers from texting, according to public comments on the proposed rule filed with the agency.
May 10, 2010Largest Tire Makers Hike Prices as Raw Material Costs Soar
The nation’s three largest manufacturers of commercial truck tires have raised prices for the second time this year in reaction to sharp increases in the costs of their primary components — rubber, oil and steel — although world economic developments have taken some of the air out of commodity prices.
May 10, 2010ATA Asks FMCSA to Change Portions of Final EOBR Rule
American Trucking Associations, along with several key industry groups and manufacturers, asked the Federal Motor Carrier Safety Administration to change its final rule on electronic onboard recorders, saying the technical specifications laid out by the regulation were not achievable.
May 10, 2010Diesel Rises 4.4¢ to $3.122
The average retail price of U.S. diesel jumped 4.4 cents to $3.122 a gallon last week, its highest level in more than 18 months, the U.S. Department of Energy reported.
May 10, 2010Echo’s Profit Improves in 1Q
Echo Global Logistics said its first-quarter profit jumped to $1.2 million, or 6 cents per share, compared with a loss of $200,000, or 2 cents, a year ago.
May 7, 2010