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

Registration Paperwork Too Long, Confusing, Carriers, Brokers Tell FMCSA

Trade organizations representing motor carriers and freight brokers generally backed a federal move to streamline the federal registration process, but complained that the registration form is too long and complicated for many in the industry.

January 9, 2012
Business

Engine Casting Capacity Shrank In Recession, Foundries Say

While heavy-duty truck makers said last week that they do not share Navistar International’s assessment that engine castings are in short supply, foundry executives said the recession eliminated industry capacity and problems could become more noticeable if demand for metal parts continues to rise.

January 9, 2012
Business, Fuel

EPA Mandates 25% More Biodiesel This Year

Diesel refineries must produce 1 billion gallons of biodiesel in 2012, a 25% increase from last year, the Environmental Protection Agency said last month, but the agency decided to delay its planned 2013 mandate.

January 9, 2012
Business

Analysts Expect HOS Lawsuits; 11th Hour, Restart Fuel Conflict

At least some trucking industry analysts said they expect the latest version of the hours-of-service rule to land back in federal court because the rule seems to satisfy no one.

January 9, 2012
Business, Technology

Fleets, Vendors Back Hands-Free Devices But Blast NTSB’s Call for Total Cellphone Ban

While many trucking fleets and the companies that make in-cab data devices to support carriers’ operations back moves to restrict cellphone use by drivers, a number of them strongly oppose the recent National Transportation Safety Board recommendation that calls for a total ban on their use — including hands-free devices — while driving.

January 9, 2012
Government, Business, Technology, Equipment

Federal Advisory Panel Studying EOBRs Wrestles With Safeguarding Data Privacy

A federal advisory committee studying electronic onboard recorders did not reach a consensus on the best way to transmit hours-of-service data from the truck cab to roadside inspectors, but did offer recommendations on items including safeguarding carrier and driver privacy.

January 9, 2012
Business

Increased Truck Tolls Imposed in 10 States

Many truckers started the new year digging deeper into pockets as 10 states imposed higher tolls.

January 9, 2012
Business

Economy, State of Industry Top Issues at Heavy-Duty Manufacturers’ Meetings

Manufacturers and sellers of components, parts and systems for heavy-duty trucks will examine the state of their industry, the economy at large and issues of corporate culture at two meetings in Las Vegas, Jan. 23-26.

January 9, 2012
Business, Fuel

Wholesale Diesel Price Spikes

Wholesale diesel prices spiked last week as tensions in the Middle East rose and temperatures in the eastern United States fell, signaling the likely end of the current run of declining retail prices.

January 9, 2012
Business

Mica ‘Concerned’ About Hours-of-Service Changes

The top Republican on the House Transportation Committee said Friday he is “concerned” that the federal government may lack adequate data to support the new hours-of-service rule it published last month.

January 6, 2012