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.
Congress Sends Apnea Bill to President; Measure Requires FMCSA Rulemaking
Congress has passed and sent to President Obama for his signature legislation to require the Federal Motor Carrier Safety Administration to conduct a full rulemaking process on the testing and treatment of truck drivers for sleep apnea, rather than issuing guidance.
October 14, 2013Truckbase Business Overview, Features, Reviews 2024
Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.
Diesel Prices Dip 2.2¢ to $3.897; Gasoline Declines for 5th Week
The national diesel price average slipped 2.2 cents to $3.897 a gallon last week, the first time it has declined at least four straight weeks since early July, the Department of Energy reported.
October 14, 2013Trucking Conditions Improve in August, FTR Index Shows
Trucking rates are expected to peak this fall before conditions decline as the industry absorbs the impact of the hours-of-service rule change, according to FTR’s Trucking Conditions Index.
October 11, 2013Oklahoma Adopts $6 Billion Highway and Bridge Construction Plan
The Oklahoma Transportation Commission adopted a $6 billion, eight-year, highway-and-bridge construction plan, the Associated Press reported.
October 11, 2013Consumer Confidence Falls to Nine-Month Low
Consumer confidence fell to a nine-month low this month, according to the Thomson Reuters/University of Michigan consumer sentiment index.
October 11, 2013Takeover Target USA Truck Sues Knight
USA Truck Inc. has sued Knight Transportation, which is trying to acquire USA Truck, for breach of contract, claiming that Knight breached a confidentiality agreement between the two companies.
FedEx to Boost 2013 Holiday Hiring
FedEx Corp. said it will increase holiday hiring above 2012 levels in expectation of higher customer demand.
October 11, 2013Intermodal Rail Traffic Rises for 14th Consecutive Week
Intermodal rail volume for the week ended Oct. 5 rose 6.2%, from the same period last year, the 14th consecutive rise, the Association of American Railroads reported.
October 11, 2013Bill Seeks Evaluation of TWIC Program
Rep. Sheila Jackson Lee (R-Texas), has introduced legislation to require the secretary of the Department of Homeland Security to complete a “comprehensive security assessment” of the Transportation Worker Identification Credential program.
October 10, 2013TMC Transportation to Be Employee-Owned
TMC Transportation, based in Des Moines, Iowa, said it will distribute an unspecified amount of stock in the company to its 2,500 employees as part of a transition to employee ownership.
October 10, 2013