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.
Mexico Eyes New Tariffs
The Mexican government is preparing to change the list of U.S. products that will be subjected to higher tariffs in retaliation for the continued lockout of that nation’s truck fleets, sources told Transport Topics last week.
March 15, 2010DOT to Drop Diesel, Paint from Hazmat Transport List
The Transportation Department announced last week it will drop some materials, including paint and diesel fuel, from the list of substances the agency considers dangerous enough to require hazmat motor carriers to file detailed security plans.
March 15, 2010Mid-America Trucking Show Expects Rise in Exhibitors, Attendees, Organizers Say
Despite a challenging freight environment over the past year, the 2010 Mid-America Trucking Show organizers said industry optimism may be rising. They cited an anticipated increase in the number of exhibitors and attendees for the March 25-27 show.
March 15, 2010Trucking Opposes Plan to Raise Hazmat Fees
A proposed federal rule that triples to $3,000 the annual registration fee for large hazardous materials motor carriers but maintains a fee of $300 for small carriers places an unfair burden on large carriers, American Trucking Associations and National Tank Truck Carriers said in written comments opposing the new rule.
March 15, 2010Diesel Fuel Up for Third Week To Highest Level Since Nov. ’08
The average price for retail diesel rose for a third straight week, this time by 4.3 cents to $2.904 a gallon, to the highest level since November 2008, the Department of Energy reported.
March 15, 2010Oil Closes Week Over $81 a Barrel
Oil finished the week over $81 a barrel near a two-month high, as investors speculated that inventories could decline next week, Bloomberg reported.
March 12, 2010System Logistics Establishes New Group
System Logistics Corp. said it has established a new group within its company dedicated to complex and large scale supply chain projects.
March 12, 2010Two ATA Councils to Hold Meetings in May
The Information Technology & Logistics Council and National Accounting & Finance Council will hold their annual meetings May 3-5 in Amelia Island, Fla.
March 12, 2010Canada Delays Electronic Manifest Requirement
Canada has delayed its plan to require carriers with incoming shipments to submit manifest information electronically to the Canada Border Services Agency, the Canadian Trucking Alliance said.
March 12, 2010Trimac’s 4Q Income Falls
Canada-based transportation firm Trimac Income Fund earned C$1.2 million, or 2.3 cents per unit, in the fourth quarter, compared with C$3 million, or 10.9 cents, a year ago.
March 12, 2010