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, Logistics, Safety

Ontario Issuing High-Tech Licenses

The Canadian province of Ontario has issued 15,000 new high-tech driver licenses to help combat identity theft, the Associated Press reported.

December 17, 2007
Business, Government, Logistics

Canadian Trucking Revenue Shows Gain

Statistics Canada said an estimated 3,579 for-hire trucking companies in that country had annual revenues of at least C$1 million in the first quarter of 2007.

December 17, 2007
Government, Business, Safety

FMCSA Keeps HOS Rule Intact

WASHINGTON — The Federal Motor Carrier Safety Administration, in a long-awaited response to a ruling striking down key portions of its driver hours-of-service regulation, said it would continue allowing drivers 11 hours behind the wheel daily and letting them reset the weekly limit after a 34-hour break.

December 17, 2007
Government, Business, Safety

Trailer Registrations Down 24.7%

Truck trailer sales and production continued to lag through the third quarter, with U.S. registrations of new units down 24.7%, year-over-year, and the decline of industrywide production levels accelerating.

December 17, 2007
Government, Business, Safety

Truck Fatality Rate Falls in ’06

The number of people killed in large-truck crashes for every mile driven and the rate of fatal crashes involving large trucks fell to all-time lows in 2006, according to a Transport Topics analysis of data from the Department of Transportation.

December 17, 2007
Government, Business, Safety, Fuel

Diesel Average Drops 9.1¢ To $3.325

Retail diesel posted its largest weekly decline of 2007, falling 9.1 cents to $3.325 a gallon following recent inventory gains and lower crude oil prices, the Department of Energy reported.

December 17, 2007
Business, Government, Safety, Fuel

Letters to the Editor: Port Restrictions, Biodiesel, HOS

Restricting older trucks in the ports seems to be restricting trade. If these trucks are legal to use in the state of California, they should be allowed in the ports.

December 17, 2007
Business, Logistics

YRC, Teamsters Reach Accord

Less-than-truckload carrier YRC Worldwide and the Teamsters union said late Thursday they have agreed on a new five-year National Master Freight Agreement to replace the current pact that expires March 31.

Jonathan S. Reiskin | Associate News Editor
December 14, 2007
Fuel, Business, Government

Senate Passes Revised Energy Bill

The Senate passed an energy bill late Thursday that would boost fuel efficiency for new automobile fleets to 35 mpg by 2020, increase energy efficiency standards and set a mandate for more use of ethanol and other biofuels, the Washington Post reported Friday.

December 14, 2007
Business

Industrial Production Rises in November

Industrial production rose 0.5% in November, the Federal Reserve said Friday.

December 14, 2007