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.
Truck Tonnage Jumps 6.7% to Record in May
Truck tonnage jumped 6.7% in May to a record high from the same month last year, the largest year-over-year gain since December 2011, American Trucking Associations said Tuesday.
June 18, 2013Trucking Executive Tells House Panel HOS Rule’s July 1 Implementation Should be Delayed
The federal hours-of-service rule’s July 1 implementation date should be postponed until the Federal Motor Carrier Safety Administration completes mandated research on the rule, American Transportation Research Institute Chairman Steve Williams told a House panel Tuesday.
June 18, 2013Congressmen Seek Truck Weight Exemption for Wisconsin Highway
Two U.S. congressmen from Wisconsin introduced legislation to allow trucks heavier than 80,000 pounds now running on U.S. Highway 41 in that state to continuing using the road if it becomes an interstate next year.
Diesel Dips 0.8¢ to $3.841; Price Is Lowest Since July
Diesel fell for a fourth week, dipping 0.8 cent to $3.841 a gallon, the lowest price since July, while gasoline fell for the first time in three weeks, the Department of Energy reported.
June 18, 2013Housing Starts Jump 6.8% in May
Housing starts jumped 6.8% in May, led by a gain in single-family homes, the Commerce Department said Tuesday.
June 18, 2013Consumer Price Index Rises in May
The consumer price index rose 0.1% in May, after dropping in April, the Labor Department said Tuesday.
June 18, 2013HOS Restart Changes to Cost Industry $189 Million a Year, ATRI Says
Upcoming restrictions to the 34-hour restart provision of the hours-of-service rule for truck drivers will cost the trucking industry $189 million annually — a $322 million difference from the $133 million benefit that the Federal Motor Carrier Safety Administration estimated when it wrote the new restrictions, according to a new American Transportation Research Institute study.
Hands-Free Devices Can Be Dangerously Distracting, AAA Report Shows
According to a new study by AAA, hands-free devices can be dangerously distracting to drivers and can result in drivers not seeing items right in front of them.
June 18, 2013GPS Analysis Yields Real-Time Forecasts
Advances in traffic avoidance routing technology are made possible by two things: the vast amounts of data being collected and the complex algorithms that transform the growing mountains of raw data into useable information.
June 18, 2013iTECH: ‘I See Traffic In Your Future’ Software Predicts Congestion Location and Severity
The balance of power has shifted in trucking’s battle against traffic, with the advent of software that can predict the location and severity of congestion problems.
June 17, 2013