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.
Industry Execs Scold Congress For Indecision
ORLANDO, Fla. — Executives from four of the largest U.S. transportation companies last week directed a clear message at federal lawmakers: Do what’s needed to support infrastructure improvements now or risk real damage to the economy and competitiveness down the road.
April 20, 2015Retail Truck Sales Jump 25% in March
Heavy-duty truck sales continued to grow at a rapid clip in March, jumping 25% from the same month last year, WardsAuto.com reported.
April 20, 2015Driver-Training Panel Reaches Midway Point With Many Critical Issues Still Unresolved
Though halfway through its scheduled meetings to standardize training regulations for entry-level truck drivers, a Federal Motor Carrier Safety Administration advisory panel still is identifying issues for discussion despite its May 29 deadline.
April 20, 2015Shift Toward Density-Based Pricing Depends on Shippers, LTL Execs Say
ORLANDO, Fla. — Wider use of density-based pricing in the less-than-truckload industry will depend on shippers’ willingness to gradually adapt their habits and technology, industry officials said.
April 20, 2015ATA Upset Feds Withholding Hair-Testing Deliberations
American Trucking Associations said the federal government has failed to comply with a freedom of information request for transcripts of deliberations about the use of hair testing to detect drug use in truck drivers.
April 20, 2015Experts Say Capacity Is More in Balance
ORLANDO, Fla. — Trucking supply and demand has been more balanced so far in the second quarter than a year earlier, but rates are continuing to rise because shippers have changed their freight-buying strategy, industry experts said.
April 20, 2015GE to Sell Financial Units, Plans to Exit Trucking
General Electric Co. said it will sell most of its GE Capital assets in the next two years, effectively securing the company’s exit from the trucking industry.
April 20, 2015Celadon Names Executives to New Appointments
Celadon Group Inc. announced several promotions within to its senior management team. The changes are effective immediately.
Lower Speed Limits Part of Safety Proposal for Oil Trains
Trains carrying crude oil will be restricted to a 40 mph speed limit in populated areas such as New York under an order by the U.S. Department of Transportation in response to a series of derailments.
ATA Honored with Special Merit Award From SmartWay
American Trucking Associations has been named one of seven national SmartWay Affiliate Challenge Award winners by the Environmental Protection Agency and one of only three to merit special recognition.