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.
U.S. Trade Deficit Grows in February
The U.S. trade deficit jumped 7.4% in February as imports climbed 1.7%, the Commerce Department said Tuesday.
April 13, 2010U.S., Mexico Set Cross-Border Transportation Working Group
Transportation Secretary Ray LaHood and his Mexican counterpart have agreed to form a working group to consider the next steps of the two countries’ cross-border trucking program.
April 13, 2010UPS Launches App for Android Phones
UPS Inc. said it has launched an application for the Android mobile phone operating system that ships and tracks packages and can find the nearest UPS location.
April 12, 2010CTA Predicts Broader U.S. EOBR Mandate
The Canadian Trucking Alliance said the U.S. Federal Motor Carrier Safety Administration will “inevitably” move toward broader electronic onboard recorder requirements, if not a universal mandate.
April 12, 2010Gas Gains 3.8¢ to $2.85, Lundberg Survey Says
Regular gasoline’s national average rose 3.8 cents over the past three weeks, to $2.85 a gallon, according to the latest Lundberg Survey of fuel prices released Sunday.
April 12, 2010National Guard Training Soldiers to Become Future Truck Drivers
The U.S. National Guard is ramping up its truck driver training program, which could help ease long-term driver shortages.
April 12, 2010Freight Volumes Rising For Railroads, Truckers
Freight volumes for railroads and motor carriers rebounded as the first quarter drew to a close, industry trade groups said.
April 12, 2010U.S. Issues Final EOBR Rule
The Federal Motor Carrier Safety Administration last week issued a rule that could require as many as 5,700 trucking fleets to use electronic onboard recorders to monitor drivers’ hours by lowering the threshold for violations that trigger the EOBR mandate.
April 12, 2010Better Economy May Lead to More Mergers, Acquisitions, Transportation Analysts Say
An improving economy could kick-start the pace of mergers and acquisitions in the months ahead, after a moribund 2009, when few deals took place, several transportation analysts said.
April 12, 2010Trucking Jobs Increase Slightly During March, Labor Dept. Says
Trucking employment rose slightly during March, the U.S. Labor Department reported, amid growing signs that job growth could accelerate in months ahead as the United States emerges from the recession.
April 12, 2010