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.
Sen. Debra Fischer Chides FMCSA for Approach on Restart Rule
If the federal government had taken a performance-based rather than a “prescriptive” approach to its 34-hour restart rule, the regulation might have enhanced safety rather than adversely affected trucking operations, Sen. Debra Fischer (R-Neb.) said at a hearing last week.
March 30, 2015N.Y. Union Leader Seeks to Take Helm as Teamsters President in 2016 Election
New York-area union leader Tim Sylvester announced his bid to claim Teamsters leadership far in advance of next year’s election, mirroring a strategy of U.S. presidential candidates.
March 30, 2015Bill to Expand STB Authority Approved; Measure Backed by Railroads, Shippers
For the first time in almost two decades, a Senate bill to expand the powers and structure of the Surface Transportation Board could move forward with shipper support and a new rail industry stance on changes at the regulatory agency.
March 30, 2015Navajo Express Execs Foil Bomb Threat as Passenger Charges Cockpit on Flight
Navajo Express executives Don Digby Jr. and Scott Maldonado were feeling good about closing a business deal earlier in the day and planning on a relaxing evening flight from Washington Dulles International Airport to Denver.
March 30, 2015Class 8 Sales Will Hit Peak in 2015, ACT Forecast Says
COLUMBUS, Ind. — The Class 8 market will reach a peak in 2015 as a favorable freight market and improved trucker profitability lift the industry, ACT Research Co. projected.
March 30, 2015Cummins to Revamp ISX15 Engine to Meet Federal 2017 GHG Rules
LOUISVILLE, Ky. — An updated Cummins’ ISX15 diesel engine will be among the new products the independent engine maker plans to introduce in 2017, the year the federal government will next tighten greenhouse-gas emission ceilings, the company announced here.
March 30, 2015Recruiting Drivers for Restart Study Proving Difficult, DOT Official Says
Federal regulators are having a hard time recruiting drivers to participate in a congressionally mandated study for the restart portion of the hours-of-service rule, a top U.S. Department of Transportation official told a Senate subcommittee.
March 30, 2015Diesel Falls 5.3¢ to $2.864 in Second Weekly Price Drop
Diesel’s national average price dropped 5.3 cents to $2.864 a gallon, the second consecutive weekly decline after five straight increases, the Department of Energy reported March 23.
March 30, 2015Truckers Earn Praise at MATS From Wreaths Across America
Without volunteer truck drivers and their companies, Wreaths Across America's mission to “remember, honor, teach” and place wreaths on gravestones of fallen veterans each December would be impossible to accomplish.
DTNA Says Planned 2015 Production for DT12 Transmission Already Filled
LOUISVILLE, Ky. — Daimler Trucks North America CEO Martin Daum said demand for the manufacturer’s proprietary automated manual transmission has far exceeded its original expectations and has outstripped its current ability to produce it.