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.
New 7/3 Split Sleeper Berth Rule Appears Slow to Gain Popularity
A tweak of the hours-of-service (HOS) rule that went into effect on Sept. 29 has put a new 7/3 split in the mix as an alternative to meet 10-hour off-duty requirements in the sleeper berth. It also may be a bit confusing.
Oil Jumps to One-Year High on Depleting Supplies
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally.
FMCSA Clearinghouse Records More Than 56,000 Truck Driver Violations in 2020
More than 56,000 drug and alcohol violations were recorded last year in a database intended to track truck drivers’ compliance history and prevent them from job-hopping in the event of a failed drug test.
Ryder Provides Paid Time Off for COVID Vaccinations
Ryder System Inc. will pay up to six hours for employees to get the coronavirus vaccine, the company said Feb. 1.
February 2, 2021CVSA International Roadcheck Set for May 4-6
This year’s International Roadcheck is set for May 4-6, the Commercial Vehicle Safety Alliance announced.
Missouri DOT Progresses With I-70 Rocheport Bridge Replacement Project
The Missouri Department of Transportation is advancing work on a $240 million project to replace the Rocheport Bridge, a vital freight link that carries 3.6 million trucks per year.
Senate Confirms Pete Buttigieg as Transportation Secretary
The U.S. Department of Transportation has a new leader in Pete Buttigieg, a 2020 presidential candidate and the former mayor of South Bend, Ind.
Biden Team Will Test Shipping Vaccines Directly to Pharmacies
President Joe Biden’s administration will begin to test a program to provide coronavirus vaccines directly to pharmacies, as officials seek to increase the pace of U.S. inoculations.
ArcBest Reports Net Income Increased to $26M During Q4
ArcBest saw revenue and earnings increase from the prior year during the fourth quarter of 2020, the company reported Feb. 2.
Northeastern US Digging Out From Major Snowstorm
BOSTON — People of the northeastern U.S. shoveled themselves out Feb. 2 after a two-day snowstorm that shut down public transport, canceled flights and closed coronavirus vaccination sites.
February 2, 2021