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.

Perspective, Business

Opinion: New Rules for Moving Freight

Two sets of changes in the way freight is moved in the United States will require fleet operators to take a fresh look at transportation strategy and fleet utilization.

August 19, 2013
Editorial, Business

Editorial: A Truck Driver Tale

Here’s a true story: The editorial office of Transport Topics overlooks a cul-de-sac that leads off a busy commercial street. There is a lot of construction going on in that cul-de-sac and last week one of the trucks delivering ready-mixed concrete broke down.

August 19, 2013
Business

Class 8 Sales Slip in July

Class 8 U.S. retail truck sales declined in July for the 11th straight month in comparison with last year, according to WardsAuto.com. However, the drop was the smallest percentage decline of the 11 months.

August 19, 2013
Business

U.S. Bridge Spending Lags as Repair Needs Dwarf Funds

Despite the nation’s efforts to upgrade its bridges in recent years, a staggering 151,500 are still labeled as deficient, the cure for which is to spend $20.5 billion every year between now and 2028.

August 19, 2013
Business

FMCSA Says HOS Exception Doesn’t Apply to Oil-Field Drivers Hauling Sand, Water

The Federal Motor Carrier Safety Administration refused last week to make changes to a regulatory guidance document it published last year allowing some specialty truck drivers at oil and gas exploration sites to extend their workdays.

August 19, 2013
Business

Detroit Reman Taps New Chief, Announces Expansion of Plant

HIBBING, Minn. — Detroit Diesel Remanufacturing unveiled plans for expansion of its electronics unit here and announced a change in top management of this Daimler Trucks North America subsidiary.

August 19, 2013
Business

Judge to Weigh Bid to Depose Pilot CEO by Georgia Fleet in Rebate Fraud Lawsuit

A judge in Knoxville, Tenn. has scheduled an Aug. 22 hearing to consider whether to allow a Georgia motor carrier to take a sworn deposition from Pilot Flying J CEO Jimmy Haslam and three other executives of the truck stop chain in connection with a rebate-discount fraud lawsuit.

August 19, 2013
Business

HOS Combatants Agree Court Ruling Marks End of 17-Year Regulatory Fight

The chief adversaries in the nearly 17-year battle over federal work rules for commercial drivers agreed that the recent appeals court decision upholding most of the government’s latest regulation closes the book on the overhaul of the so-called hours-of-service rule, which had not changed significantly in 57 years.

August 19, 2013
Business, Fuel

Diesel Dips 1.3¢ to $3.896, Extending ‘Unexciting’ Run

The average price of a gallon of U.S. retail diesel last week inched down 1.3 cents to $3.896, continuing a pattern of “unexciting” fuel moves that offer little consolation to fleets.

August 19, 2013
Business

Roadrunner Buys Southeast Drayage Division of Transport Corp. of America

Roadrunner Transportation Systems said it has acquired the Southeast drayage division of Transport Corporation of America Inc. for about $1.2 million.

August 16, 2013