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.
New York State Scraps Truck Rural-Route Restrictions
The New York State Department of Transportation told a transportation task force that it will no longer pursue efforts to restrict trucks from using certain rural routes in the Finger Lakes area, American Trucking Associations said.
April 14, 2010March Retail Sales Show Biggest Gain in Four Months
Retail sales rose 1.6% in March, the biggest increase in four months, the Commerce Department said Wednesday.
April 14, 2010Business Inventories Grow in February
Business inventories rose 0.5% in February, the Commerce Department said Wednesday.
April 14, 2010Consumer Price Index Rises 0.1%
The consumer price index rose 0.1% in March, the Labor Department said Wednesday.
April 14, 2010Meritor WABCO, Iteris Set Partnership
Meritor WABCO Vehicle Control Systems and Iteris Inc. said they have formed a partnership to streamline and simplify delivery of critical data about vehicle safety and performance to their mutual customers.
April 13, 2010EPA Sees Big Rigs Getting 10-Plus MPG by 2030
Longhaul heavy tractor-trailers could achieve a fuel economy of more than 10 miles per gallon by 2030 — from today’s approximately 5 mpg to 6.5 mpg range — according to an analysis prepared for Congress by the U.S. Environmental Protection Agency.
Brokers Warned of Surety ‘Trust Fund’ Scam
TUCSON, Ariz. — Brokers attending the 2010 Transportation Intermediaries Association convention and trade show here were warned to beware of financial services firms that allow them to skirt federal requirements that they post a $10,000 surety bond.
Tim Wicks Leaves YRC
YRC Worldwide said Tuesday that its president and chief operating officer, Tim Wicks, has resigned and will return to work for his former employer, United Healthcare.
April 13, 2010Trucking Concerned Over New Maine Heating-Oil Sulfur-Content Law
Maine has adopted legislation that will eventually require heating oil to have the same low-sulfur content as diesel fuel used in trucks, a move some in the oil and trucking industries fear could raise demand and prices for trucking’s main fuel.
Diesel Rises Again, Gaining 5.4¢ to $3.069 a Gallon
Diesel rose for the second straight week and the seventh time in eight weeks, increasing 5.4 cents to $3.069 per gallon, the Department of Energy said Monday.
April 13, 2010