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.
PeopleNet to Unveil Enhanced Blu.2
PeopleNet Communications will introduce a new model of its in-cab computer known as Blu.2 that is designed to enhance functionality of the company’s earlier model.
June 20, 2011Ryder, Ceva Logistics Expand Trailer-Leasing Pact
Ryder System said Monday it has expanded its leasing contract with Ceva Logistics by adding more than 1,000 trailers.
June 20, 2011iTECH: Cracking Down on Fuel Card Fraud
Statistics on just how much money is lost annually to fraudulent fuel sales are elusive — neither the U.S. Department of Energy nor its Energy Information Administration maintains such records — but the industry is aware that it’s going on.
June 20, 2011Oil Falls to Near $91 a Barrel
Oil fell to near $91 a barrel in early trading Monday, the lowest intraday price since February and below the closing price at the end of last year, Bloomberg reported.
June 20, 2011May Truck Sales Surge 68%
Heavy-duty U.S. truck sales surged 68.3% in May compared with year-ago results, the fastest monthly growth rate in a 17-month string of gains.
June 20, 2011Letters: Broker Bonds Again, Recruitment Revisited, Hours-of-Service
This never-ending hours-of-service regulatory process reminds me of a quip from a John Wayne movie: “We’re burnin’ daylight.” Trucks continue to roll down our nation’s highways, with drivers more confused than ever on pending legislation.
June 20, 2011ATA, Port of Los Angeles Continue Court Fight Over Classification of Independent Truckers
If an appeals court agrees with a lower court judge who backed the Port of Los Angeles’ argument that it is a business, then all drayage truck drivers will be required to be employees of licensed motor carriers.
June 20, 2011More Electrification Firms Vie for Truck Stop Business
Truck stop electrification initiatives are proliferating again as four vendors try to convince more drivers to shut down engines and use the systems’ heating, cooling and Internet options to reduce emissions, costs and fuel use.
June 20, 2011Hours-of-Service Rule Change Would Raise Costs, Hurt Safety, Small Fleets Say
WASHINGTON — Replacing the current hours-of-service rule with one that cuts driving hours would put more inexperienced truck drivers on the road and pass increased transportation costs onto consumers, four executives who run trucks told a House subcommittee.
June 20, 2011Truck Engine Manufacturer Cummins to Add Employees as Industry Ramps Up
Cummins Inc., manufacturer of heavy-duty truck engines, said it is adding 600 white-collar workers at its Columbus, Ind., headquarters, joining the wave of truck-industry
June 20, 2011