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.

Business

SAE Updates Truck Standards for Wide Variety of Systems

New and updated standards from SAE International involving handling maneuvers, braking, corrosion testing, electrical systems and windshield wipers are expected to again have a significant effect on the trucking industry, several industry experts and manufacturers have said.

April 23, 2012
Business

California High Court Issues Mixed Ruling on Employee Meal Breaks Regulation

A ruling by the California Supreme Court has given employers little clarity about a controversial law governing employee rest breaks, the state’s trucking association said.

April 23, 2012
Business

Trucking Remains Dominant Freight Mode, ATA Reports in Its Latest Edition of ‘Trends’

Trucking continues to be the dominant mode of freight transportation in the United States, with the industry hauling 67% of all freight in 2011, American Trucking Associations said in its latest edition of “American Trucking Trends.”

April 23, 2012
Business

Medium-Duty Truck Purchases Increase 16% in March

U.S. Class 7 sales jumped 20.3% in March compared with the same month last year, while Class 6 sales rose just 1.6%, WardsAuto.com reported.

April 23, 2012
Business, Fuel

Diesel Price Falls by 2.1¢ to $4.127, While Gasoline Drops 1.7¢ to $3.922

Retail diesel prices fell 2.1 cents a gallon to $4.127 last week, the U.S. Department of Energy reported, continuing a recent pattern of modest cost fluctuation after sharp increases earlier in the year.

April 23, 2012
Business, Logistics

Intermodal Traffic Rises 1.6% for Week

U.S. intermodal traffic rose 1.6% for the week ended Saturday from a year ago, the Association of American Railroads said.

April 20, 2012
Business, Fuel

More Companies Reach Hot Fuel Settlements

Three more companies have agreed to settle lawsuits related to “hot fuel” — gasoline and diesel that is not adjusted by volume to account for temperature — the Kansas City Star reported.

April 20, 2012
Business, Safety, Technology, Government, Equipment

Roadrunner Purchases Flatbed Carrier

Roadrunner Transportation Systems said it has purchased D&E Transport, an asset-light flatbed carrier, for $11.2 million.

April 20, 2012
Business, Logistics

Forward Air’s 1Q Income Rises

Forward Air Corp.’s first-quarter net income rose to $10.3 million, or 35 cents a share, from $7.9 million, or 27 cents, a year ago.

April 20, 2012
Business, Logistics

Hub Group Reports Record 1Q Profit

Hub Group said its first-quarter income jumped 30% on higher intermodal and logistics revenue.

April 20, 2012