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.

Fuel, Business, Technology, Equipment, Safety

Ryder Offers New GPS Tool

Ryder System is offering its customers a new high-tech tool to help its customers save fuel, the Miami Herald reported Monday.

June 23, 2008
Business

XATANET Adds Proof-of-Delivery Functions

Mobile communications and software provider Xata Corp. said it has added proof-of-delivery functionality to its flagship XATANET fleet operations software.

June 23, 2008
Business, Safety, Government

iTECH: Putting the ‘Gee!’ in GPS

Dynamic traffic reporting — and eventually predictive analysis that forecasts when and where those soul-draining backups and bottlenecks will pop up — could be just what the doctor ordered.

June 23, 2008
Business, Logistics, Government

Gasoline Average Rises to $4.10 a Gallon, Lundberg Says

Gasoline prices rose 10 cents in the past weeks ended Friday to a national average of $4.10 a gallon, the latest Lundberg Survey of filling stations reported.

June 23, 2008
Business, Safety

Driver Turnover Rates Decline, but Trucking Expects Reversal

Driver turnover at truckload carriers with annual revenue of more than $30 million declined to 103% in the first quarter, the lowest annualized rate in five years, American Trucking Associations reported.

June 23, 2008
Government, Business, Safety

Car Haulers, Teamsters Union Set Deal

The Teamsters union last week agreed to a new labor contract with 10 auto transporters, six days after Performance Transportation Services Inc., the sector’s second-largest fleet, closed its doors.

June 23, 2008
Government, Business, Safety

Ontario Orders Speed Limiters on All Trucks Set at 65 mph

Ontario approved legislation last week that will require every heavy-duty truck operating in the province to employ a device to govern its maximum speed at 105 kilometers per hour, or about 65.2 miles per hour.

June 23, 2008
Business, Logistics, Fuel, Government

Diesel Average Remains Unchanged at $4.692

The national average diesel price remained unchanged at $4.692 a gallon last week, following small declines for the previous two weeks, the Department of Energy reported, matching the longest stretch without an increase so far this year.

June 23, 2008
Business

West Coast Ports, Longshore Union Close on New Contract

West Coast port operators are optimistic they can get a labor deal in place by the end of this month and avoid any strike or shutdown at the facilities, the Wall Street Journal reported.

June 20, 2008
Government, Business, Safety, Fuel

ATA Cites Concerns on Patchwork Climate Change Regs

A top trucking official urged Congress Thursday to take a cautious approach to climate change initiatives, saying the industry was concerned over the impacts of pending cap-and-trade legislation on the economy and fuel prices.

June 20, 2008