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.
EPA Issues Warning to Biodiesel Producers
The Environmental Protection Agency issued a warning to biodiesel producers they could face fines of up to $32,500 a day if their product does not meet quality standards.
November 13, 2007Estes to Expand Direct, Next-day Services
LTL carrier Estes Express Lines, Richmond, Va., said Monday it will expand its direct service area by opening four new terminals in the Midwest, allowing the company to offer direct coverage in all 50 states and providing customers with expanded next-day shipping options.
November 12, 2007Diesel Soars 14.6¢ to Record $3.303 a Gallon
The average price of a gallon of diesel in the United States jumped 14.6 cents last week, setting a new record high of $3.303 a gallon, the Energy Department reported. Last week’s diesel price, $3.157 a gallon, matched the old record, set Oct. 24, 2005.
November 12, 2007DOT Drug Tests Faulty, GAO Tells House Panel
WASHINGTON — Federal investigators told Congress that the Department of Transportation’s drug- and alcohol-testing program for truck drivers is unreliable and riddled with problems.
November 12, 2007Intermodal Down 2.2% in 3Q; ’07 Total May Lag Last Year’s
Intermodal freight volume declined by 2.2% during the third quarter, compared with last year, making it likely the sector will experience its first annual volume decline since 2001, according to the Intermodal Association of North America.
November 12, 2007Bigger Ships to Bring Changes To Ports’ Container Handling
Sometime in the near future, a new generation of supersized containerships — up to 50% larger than current vessels — will make its first appearance on the East Coast of the United States.
November 12, 2007TTNews.com to Close Tuesday for Veterans Day
Transport Topics Online will be closed Tuesday because of the Veterans Day holiday. Please check back on Wednesday, Nov. 12, for the latest trucking and freight transportation news.
November 10, 2007UPS Announces 4.9% Rate Increase for 2008
Parcel carrier UPS Inc. said Friday it would raise shipping rates for its air and ground services by nearly 5%, effective Dec. 31.
November 9, 2007Intermodal Traffic Drops for Week
Rail traffic rose slightly, but intermodal traffic continued a downward trend in falling for the week ended Saturday from the same week last year, the Association of American Railroads said.
November 9, 2007Legislators Preserve Language to Block Mexican Trucks in Spending Bill
Lawmakers preserved language in a transportation funding bill that would block a federal pilot program allowing Mexican trucking companies to operate inside the United States, news services reported Friday.
November 9, 2007