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.
I-40 Reopens in Okla. Following Weekend Tornadoes
Interstate 40 reopened in Oklahoma Monday after damage from weekend tornadoes, including to several big rigs, closed I-40 near Shawnee, Okla., the Associated Press reported.
May 20, 2013Truck Sales Decline 7.4%, But OEMs Project End to Slump
U.S. retail heavy-duty truck sales declined by 7.4% in April, the eighth straight month of year-over-year contraction, WardsAuto.com reported.
May 20, 2013Toll Interoperability Sought as Electronic Systems Grow
The nation’s large and growing number of highways, bridges and tunnels that are using electronic systems to collect tolls are creating problems for truckers who cross multiple jurisdictions because most systems’ transponders won’t work on other systems.
May 20, 2013Report Questions Effectiveness of TWIC After Biometric Card Readers Fail Tests
The Transportation Security Administration’s $23 million pilot test of Transportation Worker Identification Credential biometric card readers at 17 sites failed to prove that the technology actually works as intended, according to a new government report.
May 20, 2013Carriers Reaping Efficiency, Safety Benefits on Greater Tech Integration, Executives Say
PRINCETON, N.J. — Deeper integration of navigation software with in-cab communications devices and back-office programs is driving efficiency and safety improvements for carriers, trucking and technology executives said.
May 20, 2013Haslam ‘Absolutely Not Aware’ of Fleet Fuel Rebate Scheme
INDIANAPOLIS — Pilot Flying J CEO Jimmy Haslam said he was “absolutely not aware” of any alleged scheme by employees to underpay customers of a fuel rebate program that is now the subject of a federal criminal investigation.
May 20, 2013Bills Aim to Raise Infrastructure Funding by Lowering Taxes on Overseas Profits
A Republican senator and a Democratic representative are each proposing to rebuild the nation’s infrastructure by giving tax incentives to U.S. corporations to bring overseas profits home.
May 20, 2013Mercedes Updates Sprinter Van, Aims to Boost North American Sales
DUSSELDORF, Germany — Mercedes-Benz said it is taking aim at a larger portion of the North American market with its 2014 Sprinter delivery van, featuring a new engine and safety technologies.
May 20, 2013Senate Panel Sets Hearing on DOT Nominee Foxx
The U.S. Senate Committee on Commerce, Science and Transportation is scheduled hold its hearing this week for Anthony Foxx, the Charlotte, N.C., mayor whom President Obama has nominated to lead the U.S. Department of Transportation.
May 20, 2013Hoffa Criticizes YRC Effort to Purchase Arkansas Best
Teamsters President James Hoffa has sharply criticized YRC Worldwide Inc.’s proposal to acquire Arkansas Best Corp. and its ABF Freight System less-than-truckload unit.
May 20, 2013