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.
ATA Files Suit Against FMCSA Over HOS Logs
American Trucking Associations said last week it filed a lawsuit against the Federal Motor Carrier Safety Administration to force the agency to issue an overdue regulation covering the documents and other materials fleets need to maintain to verify drivers’ logbooks.
January 25, 2010Trucking Says CARB’s Cap-and-Trade Plan Would Result in More Volatile Diesel Prices
Trucking industry officials have filed comments opposing the California Air Resources Board’s plan to initiate a statewide cap-and-trade program to reduce greenhouse gas emissions.
January 25, 2010Proponents of Current HOS Rule Urge FMCSA to Add Flexibility
ARLINGTON, Va. — Backers of the current driver hours-of-service rule far outnumbered opponents in the first of four scheduled public hearings held by the Federal Motor Carrier Safety Administration as it reviews the much-contested regulation.
January 25, 2010Fatality Rate Hits New Low
The rate of fatalities in accidents involving trucks fell 12.3% in 2008 from the previous year — the largest year-to-year drop on record — to its lowest level on record, according to an American Trucking Associations analysis of Department of Transportation data.
January 25, 2010YRC Sets Shareholders’ Vote for Reverse Stock Split
YRC Worldwide Inc. set Feb. 17 as the date for a special shareholder meeting to vote on a reverse stock split that follows the debt-for-equity exchange offer that was completed earlier this month.
January 25, 2010Navistar’s New ProStar Plus Will Be Unveiled in March
MELROSE PARK, Ill. — Navistar Inc. said it will introduce a new version of its top over-the-road tractor this year called the International ProStar Plus, and moved up the launch of its 15-liter engine to October from next year.
January 25, 2010Trucking Executives Cautious About 2010
LAS VEGAS — Top executives from large trucking, truck-making and component manufacturing firms said they all see signs of a good business climate to come, but predicted 2010 will not be a boom year, and they are moving forward with very conservative business plans.
January 25, 2010Diesel Declines 0.9¢ to $2.87; Gasoline Average Also Drops
The national diesel average declined 0.9 cent to $2.87 last week as pump prices moderated after a sharp spike the prior three weeks, the Department of Energy reported.
January 25, 2010Oil Closes Week Below $75 a Barrel
Oil closed the trading week at a one-month low under $75 a barrel on demand-related concerns over economic growth, Bloomberg reported.
January 22, 2010Universal Truckload Services Completes Three Acquisitions
Universal Truckload Services Inc. said it has acquired three companies that offer a variety of transportation services, continuing the company’s plan to grow through acquisitions.
January 22, 2010