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.
Gas Gains 14¢ in Three Weeks to $2.74 a Gallon
Gasoline’s national average price jumped 14 cents in the past three weeks to $2.74 a gallon, according to the latest Lundberg Survey of fuel prices released Sunday.
January 11, 2010Letters: Arrow Trucking, Dangerous Loophole, Support for Biofuels
When the drivers at Arrow Trucking received that message telling them to take their trucks to the nearest dealership, I hope all of them drove their trucks to their homes, unloaded all their gear and then called Arrow and told them to come pick up their truck.
January 11, 2010Can You Hear Us?
We all have to hope that officials of the Federal Motor Carrier Safety Administration really have their ears open when they hold their three public “listening sessions” later this month over their embattled hours-of-service rule for the nation’s truck drivers.
January 11, 2010November Trailer Orders Jump 73% from ’08, but Remain Weak
Orders for new commercial trailers jumped 73% in November from the depressed level of a year ago, even as they fell 27% when compared with the unexpectedly strong order surge in October, according to ACT Research Co.
January 11, 2010Drug Recall Fuels Pallet Makers’ Feud over Advantages of Wood vs. Plastic
A recall of batches of a Tylenol pain product has rekindled the long-simmering marketing battle between purveyors of competing versions of one of trucking’s most ubiquitous tools: the lowly pallet.
January 11, 2010November Tonnage Dips 3.5%
U.S. truck tonnage declined 3.5% in November from the corresponding month of 2008, but it still was the best year-over-year showing in 12 months, according to American Trucking Associations. Total tonnage grew 2.7% from October’s levels.
January 11, 2010FMCSA Slates 3 Public Hearings as Next Step in HOS Review
The Federal Motor Carrier Safety Administration announced it would host a series of public “listening sessions” over its intentions to modify again its often-challenged hours-of-service rule for commercial drivers.
January 11, 2010YRC Increases Liquidity with Debt-for-Equity Swap
YRC Worldwide Inc. said it has successfully completed a debt-for-equity exchange that company officials and analysts said would give the carrier financial breathing room as it tries to overcome persistent losses.
January 11, 2010Biodiesel Board Says Production Is Halted as Industry Waits for Restoration of Tax Credit
The biodiesel industry was at a virtual standstill last week, despite an assurance by two Senate leaders they will introduce legislation “as soon as possible” to reinstate the tax credit that expired on Dec. 31.
January 11, 2010ATA Taps Osiecki as Policy Head
American Trucking Associations announced last week it has promoted two officials in its policy and legal departments.
January 11, 2010