Business

About Business News...

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.

Business, Government, Fuel, Safety

Technological Advances May Help Carriers Haul Loads Farther at Lower Costs

If manufacturers’ claims about the latest developments in cargo refrigeration units are correct, motor carriers now can haul fresh, frozen or deep-frozen loads for any distance with reefer-fuel savings of as much as 80%, compared with past costs — and with little or no reefer maintenance.

September 28, 2009
Business, Government

Washington, Oregon Officials Wrangle Over Lanes, Cost of Interstate 5 Bridge

After coming to a consensus that a new Interstate 5 bridge across the Columbia River between Washington and Oregon should have 12 traffic lanes, local officials now have said the plan is too expensive and must be scaled back.

September 28, 2009
Business, Government, Safety

Electronic Recorder Rule Sent to DOT

BALTIMORE — The Federal Motor Carrier Safety Administration has sent its final electronic onboard recorders rule to the U.S. Department of Transportation for review, acting agency Administrator Rose McMurray told Transport Topics last week.

September 28, 2009
Business, Safety, Government

Senate OKs Budget Funding for DOT, Maine’s Test of Heavier Trucks on I-95

The Senate has approved legislation that would increase the funding for the Department of Transportation in fiscal 2010 and would allow Maine to raise the truck weight on Interstate 95 as part of a pilot program.

September 28, 2009
Business, Government, Logistics

Container Imports to Fall 17% in 2009

Imports at U.S. major retail container ports are expected to decline by more than 17% in 2009 from a year earlier, but a new report by the National Retail Federation and IHS Global Insight predicts the end of the recession is near.

September 28, 2009
Business, Safety, Government

Recession Spurs Shippers to Reduce Costs, Improve Operations, Prepare for Recovery

CHICAGO — The economic downturn presents an opportunity for shippers to pare costs and strengthen transportation and distribution operations, industry experts said here at the Council of Supply Chain Management Professionals’ annual conference.

September 28, 2009
Business

FedEx Freight Pres. Duncan Resigns

Douglas Duncan, the well-known industry executive who heads FedEx Freight — the second-largest less-than-truckload carrier — will retire from the company he has led since it was created in 2001, FedEx Corp. announced.

September 28, 2009
Business, Fuel, Government

Diesel Price Dips 1.2¢ to $2.622; Report Shows Ample Supplies

U.S. retail fuel price averages continued their slow downward drifts last week, the Department of Energy said, as diesel dipped for the third consecutive time.

September 28, 2009
Business, Government, Logistics

Logistics Experts See Manufacturing Shift

CHICAGO — An increase in manufacturing activity in Mexico along with a pullback in outsourcing to China could lead to “fundamental change” in the flow of freight in North America, a logistics industry researcher said here.

September 28, 2009
Business, Government, Safety

Study Sees $4.8 Bln. Cost from Mexican Truck Ban

The United States’ failure to open its borders to Mexican trucks has cost the country roughly $4.8 billion, according to a new report by the U.S. Chamber of Commerce.

September 28, 2009