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.
ISM Services Index Rises in August
The U.S. economy’s service sector expanded in August, the Institute for Supply Management said.
September 7, 2011MD Logistics Expands With Reno Warehouse
MD Logistics said it has expanded its operations by opening a 55,000 square foot drug distribution center in Reno, Nev.
September 7, 2011Teamsters Sue to Block Mexican Cross-Border Trucking Plan
The Teamsters union and Public Citizen have filed a lawsuit against the Department of Transportation seeking to block the government’s plan to allow Mexican trucks back into the United States, the Wall Street Journal reported.
September 6, 2011DOT Says Rails May Save Millions From New Proposal to Ease Rules
Freight railroads could reap $340 million in cost savings after the Department of Transportation offered to ease the requirements to install technology to prevent head-on collisions, the agency announced.
September 6, 2011ATA Asks White House to Keep Current HOS Rules in Place
American Trucking Associations has sent a letter to the Office of Management and Budget asking that current truck driver hours-of-service rules remain in place, citing the trucking industry’s strong safety record.
September 6, 2011HOS, EOBR Rules Among Costliest
Proposed regulations to change maximum truck driver hours and require electronic onboard recorders for almost all trucks are among the most costly rules currently being considered by the Obama administration, the president wrote in a letter.
September 6, 2011Obama’s Jobs Plan Likely to Include Infrastructure Spending for Roads, Bridges
President Obama hinted that a jobs plan to be unveiled Thursday will include infrastructure elements to repair and rebuild roads and bridges, in a bid to put people back to work and boost the economy, the Detroit News reported.
September 6, 2011Oil Falls Below $84 a Barrel
Oil fell to a two-week low near $83 a barrel in early trading Tuesday as investors speculated that signs of a weakening U.S. economy and higher crude stockpiles showed fuel demand will slip, Bloomberg reported.
September 6, 2011Rand McNally Offers Buyers Lifetime Map Updates
Rand McNally Co. said buyers of its IntelliRoute GPS devices will be eligible to participate in a lifetime map program.
September 6, 2011Fixing the EOBR Rule
We were disappointed to see the federal appellate court’s ruling overturning the requirement that some motor carriers install electronic recording devices to monitor drivers’ compliance with the hours-of-service rule.
September 5, 2011