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.
Researchers Outline Plans for Federal Truck Size and Weight Study
The federal government’s truck size-and-weight study began taking shape last week as researchers outlined how they plan to assess whether larger trucks affect highway safety, pavement wear and modal shifts.
Jobless Claims Rise to 9-Month High
Initial jobless benefit claims rose to their highest level since March in the week ended Dec. 14, the Labor Department reported.
December 19, 2013Transport America Plans Public Stock Sale
Truckload carrier Transport America Inc. could become the latest publicly traded fleet after a regulatory filing that targets a $75 million stock offering.
Navistar Recalling 2,600 ProStars
Navistar International Corp. has issued a recall for about 2,600 ProStar tractors to correct a rear-chassis skirt support that may rub against the fuel tank, potentially causing holes in the tank.
December 18, 2013Exel Named Cummins Westport President
Gordon Exel, vice president of sales and marketing at Westport Innovations Inc., will become president of Cummins Westport Inc. in January, the company announced.
December 18, 2013November Housing Starts Reach Highest Level in 5 Years
November housing starts increased 22.7% to the highest level in more than five years, the Commerce Department announced Dec. 18.
December 18, 2013Volvo’s North American Truck Deliveries Grow in November
Volvo Group said it delivered 4,182 trucks in North America during November, a 19% increase over November 2012.
December 18, 2013Feds to Launch Study on HOS Sleeper Berth Flexibility, FMCSA Says
The Federal Motor Carrier Safety Administration said it is planning to do a field study on split rest times for those who drive sleeper berths.
November Load-Board Activity Decreases, DAT Says
Load-board activity in November fell 9.5%, led by flatbed loads, but increased on a year-over-year basis, according to DAT, a load board owned by TransCore.
December 18, 2013FedEx’s Income Grows 14%
Parcel carrier FedEx Corp. said its income grew 14% in its fiscal second quarter, driven largely by improvements in its Express airfreight unit.
December 18, 2013