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.
Social Media, Big Data Are Influential Tools for Recruitment, Retention of Truck Drivers
NASHVILLE, Tenn. — Enhanced social media presence and expanded use of big data analytics are two critical tactics for carriers seeking to solve the ongoing problem of the driver shortage, experts at a conference here on recruitment and retention said last week.
Mack Named Official NASCAR Hauler, Gives Circuit 11 Customized Sleepers
DAYTONA BEACH, Fla. — Mack Trucks has become the new official hauler of NASCAR, providing a fleet of custom-designed vehicles to transport the sport’s equipment and technology to racetracks across the country.
Joyce Named ATA’s New Top Lobbyist
Veteran lobbyist Mike Joyce has joined American Trucking Associations as senior vice president of legislative affairs. He has more than 20 years of experience in public affairs, much of it in trucking.
Diesel Average Tumbles Below $2 for First Time Since February 2005
The national average retail price of diesel fuel fell below $2 a gallon, passing yet another long-standing threshold after setting an 11-year low the previous week, the Department of Energy reported.
More States Consider Tolls to Finance Infrastructure
Rhode Island’s bold move to build the nation’s first truck-only tolls is far from the only action contemplated on the tolling front among the 50 states.
Better Roads Could Help Fleets Keep Drivers by Improving Productivity, ATA’s Costello Says
NASHVILLE, Tenn. — Federal officials should focus more on efforts to reduce traffic congestion along the country’s main roadways, a move that would help retain drivers across the trucking industry, American Trucking Associations Chief Economist Bob Costello said.
Continental Picks Mississippi for Tire Plant
Continental Tire the Americas has reached an agreement with the state of Mississippi to purchase a site for construction of a $1.4 billion commercial vehicle tire plant.
February 22, 2016Congress Has Multiple Options for Fixing HOS Glitch
Multiple pieces of congressional legislation are being considered as the best vehicle to fix a technical glitch in a fiscal 2016 funding law related to the hours-of-service rule for truckers.
FedEx-Sponsored Hamlin Wins Closest-Ever Daytona 500
Denny Hamlin, driving the No. 11 FedEx Express Toyota, charged from fourth place on the final lap to edge out Martin Truex Jr. in the closest finish in the history of the Daytona 500.
Port of Houston Authority to Expand Cold Storage
The Port of Houston Authority completed negotiations with the AGRO Merchants Group regarding construction and operation of a 300,000-square-foot ,temperature-controlled cargo facility at the port.
February 19, 2016