Business

About Business News...

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.

Business

Insiders Say House Transport Bill Likely to Omit Tolling Provisions

House transportation leaders are not expected to drop tolling restrictions on existing interstate highways as they consider ways to fund highway programs in a policy bill they could unveil this summer, according to people familiar with the discussions.

June 2, 2014
Business, Technology

Aerodynamic Devices Aid Trailer Airflow, Enhance Fuel Economy, Carrier Execs Say

Carriers and aftermarket manufacturers are working to improve fuel economy by bolstering the airflow around every aspect of a trailer with a variety of devices, including side skirts, trailer tails, wheel covers, air tabs and mudflaps.

June 2, 2014
Business, Fuel, Safety, Government

Mich. May Replace Per-Gallon Tax with Wholesale Levies on Fuels

Michigan state senators are still attempting to hammer out a transportation funding plan that would replace the state’s per-gallon tax on diesel and gasoline with a wholesale sales tax on fuel.

June 2, 2014
Business

Los Angeles Mayor Picks APL’s Seroka to Lead North America’s Largest Port

Los Angeles Mayor Eric Garcetti nominated American Presidents Line executive Gene Seroka to be the next executive director of the Port of Los Angeles.

June 2, 2014
Business, Logistics, Equipment

April Trailer Orders Rise 20.2% as Fleets Begin to Add Capacity

New trailer orders rose 20.2% in April from a year earlier, ACT Research reported, as more fleets begin to add equipment, rather than just replace existing units.

June 2, 2014
Business

NTTC Seeks Congress’ Help to Squelch Wetlines Plan

National Tank Truck Carriers officials said they are pushing for legislation that would force the Pipeline and Hazardous Materials Safety Administration to withdraw its wetlines proposal, which was issued more than three years ago.

June 2, 2014
Business

Judge Sides With Seattle-Based Drayage Firm, Says Drivers Properly Classified as Contractors

A Seattle-based trucking company won summary-judgment dismissal of three of four civil counts when a U.S. District Court judge ruled the carrier’s drivers were legitimately classified as owner-operators.

June 2, 2014
Business, Fuel

Nat Gas May Trigger Shift in Intermodal, Analyst Says

Lower-priced natural gas used for fueling trucks could alter the current intermodal market and shift some freight back to truckload service, a consultant said.

June 2, 2014
Business, Fuel

Diesel Dips 0.9¢ to $3.925; Price Declines for 4th Week

Diesel’s national average price fell for a fourth week, although slightly, dipping 0.9 cent to $3.925 a gallon, the Department of Energy reported last week.

June 2, 2014
Business

Court Approves Settlement in New Jersey Background Check Lawsuit

A New Jersey federal court on May 29 approved an $870,500 settlement agreement between New Jersey-based New England Motor Freight and a group of 7,000 truck drivers over background check claims.

May 30, 2014