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.
Alabama Fuel-Tax Exemption Discriminates Against Rails, CSX Tells Supreme Court
WASHINGTON — The Supreme Court last week heard arguments in a case that could cost some states millions of dollars in lost fuel-tax revenue and allow railroads to pay less for fuel than truckers.
December 15, 2014Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Reports Outline Highway Funding Needs, How Investments Could Boost Economy
Highway funding advocacy groups issued reports last week on the need for greater investment, laying the groundwork for an effort to persuade Congress to pass a long-term bill next year.
December 15, 2014Industry Advocate Pennington Dies at 64
Longtime trucking industry figure Mike Pennington passed away suddenly Dec. 5. He was 64.
December 15, 2014FMCSA Ends Inspection Reporting Unless Drivers Find Vehicle Defects
The Federal Motor Carrier Safety Administration has rescinded a requirement that commercial drivers file inspection reports when there are not any vehicle defects or deficiencies.
December 15, 2014Konezny to Depart Trimble
Ron Konezny, head of Trimble Navigation’s global transportation and logistics division, said he is leaving to become CEO of Digi International Inc.
December 15, 2014Shortage of Freight Rail Locomotives Seen on Emissions Rules, Production Cutbacks
A shortage of locomotives to power intermodal and other rail freight is looming because of restrictions on future production and current constraints stemming from carrier delays, industry experts said.
December 15, 2014West Coast Port Talks Drag On
Labor talks at West Coast ports dragged into their eighth month last week, with continued reports of cargo slowdowns, freight diversions and officials pleading for a tentative agreement.
December 15, 2014UTi’s Fiscal 3rd Quarter Losses Mount
UTi Worldwide Inc. last week reported a quarterly loss that more than tripled to $34 million, or 35 cents per share, in the wake of the abrupt departure of CEO Eric Kirchner and acquisition talks that were canceled.
December 15, 2014Diesel Dives 7¢ to $3.535
The U.S. diesel average price dropped 7 cents last week, to $3.535 a gallon, and the Department of Energy said prices should fall below $3 next spring for the first time since 2010.
December 15, 2014Congress Debates Spending Bill
House Democratic opposition to relaxing a key financial measure was holding up passage of a $1 trillion omnibus funding bill that includes a suspension of the hours-of-service restart provision as Transport Topics went to press.
December 15, 2014