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.
Editorial: A Disappointing Stopgap
So it has come to pass that the House of Representatives has approved by a wide margin a 10-month, $11 billion stopgap fix for the Highway Trust Fund just weeks before it would become insolvent.
July 21, 2014June Truck Sales Jump 21%
Class 8 vehicle sales surged 21.6% in June to 19,373 units, the third-highest monthly total since the end of 2006, WardsAuto.com reported.
July 21, 2014House Passes Highway Patch
The Republican-led House of Representatives on July 15 easily passed legislation that would rescue a cash-strapped federal highway account through May.
July 21, 20142Q Fleet Failures Nearly Double on Cost Pressures, Report Says
Trucking failures virtually doubled in the second quarter, compared with the same period last year, as continued driver and regulatory cost pressures pushed more marginal fleets off the road, a new report found.
July 21, 2014DOT Research Could Benefit Fleets Through Use of Wireless Inspections
Imagine being able to have trucks and their drivers wirelessly inspected as they travel at highway speed — then top that off with improving the vehicle’s fuel efficiency.
July 21, 2014Lawmakers Brief Freight Leaders
WASHINGTON — In a reversal of roles, freight transportation executives and officials went to Capitol Hill to hear testimony from senators, representatives, executive branch officials and staff aides on policy for their industry.
July 21, 2014Pilot Flying J to Pay $92 Million Penalty to Government Over Fuel-Rebate Scheme
Pilot Flying J will pay a $92 million penalty as part of an agreement with the federal government to take responsibility for the criminal actions of employees who shortchanged trucking companies on their diesel fuel rebates.
July 21, 2014ATA Promotes Four to Senior Vice President
American Trucking Associations announced it has promoted four current vice presidents to the senior vice president level.
July 21, 2014NTSB Proposes Changes After I-5 Bridge Collapse
Mullen Trucking LP, the Canadian fleet involved in last year’s collapse of an Interstate 5 bridge in Washington state, said it will improve its planning after the National Transportation Safety Board determined the company failed to properly route the trip that resulted in the accident.
July 21, 2014Diesel Declines 1.9¢ to $3.894
The U.S. diesel average declined 1.9 cents to $3.894 a gallon, while the gasoline price posted its biggest downturn in nine months, the Department of Energy reported July 14.
July 21, 2014