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.
Bill Would Ban Moving Horses in Multiple-Level Truck Trailers
Two U.S. senators have introduced legislation that would ban the interstate transportation of horses in motor vehicles and trailers containing two or more levels.
July 6, 2011House GOP Eyes Cuts in Transportation Funds, Paper Reports
House Republicans are seeking to cut federal transportation funds to match federal fuel-tax revenue, the Washington Post reported Wednesday.
July 6, 2011ISM Services Index Slips but Shows Continued Expansion
An index of the U.S. economy’s service sector declined in June but still showed expansion, the Institute for Supply Management said Wednesday.
July 6, 2011ABF Freight Sets 6.9% Rate Increase
Less-than-truckload carrier ABF Freight System said Wednesday it will raise its rates by about 6.9%, starting July 25.
July 6, 2011Diesel Falls 3.8¢ to $3.85, for Eighth Decline in Nine Weeks
Diesel fuel’s national average price fell 3.8 cents to $3.85 a gallon, its eighth drop in the past nine weeks, while gasoline rose for the first time in two months, the Department of Energy said.
July 6, 2011Automakers Report Mixed U.S. Auto Sales in June
General Motors Co. and Ford Motor Co. said their U.S. sales rose 10% each for the month, while Toyota Motor Corp. and Honda Motor Co. deliveries each fell 21%, Bloomberg reported.
July 6, 2011Volkswagen Moves Toward Majority Stake in German Truck Maker MAN
Volkswagen AG moved closer to its goal of becoming Europe’s largest truck maker in moving toward gaining a majority in German truck maker MAN SE, Bloomberg reported.
July 6, 2011Automakers Hit EPA’s Proposal for 15% Ethanol Content in Gasoline
Ford, Toyota and other automakers have criticized an Environmental Protection Agency proposal to allow gasoline with 15% ethanol content in all cars and trucks, Bloomberg reported.
July 6, 2011N.Y. City Not Ticketing Trucks, Pending Appeal on Decals
New York City recently announced that it is not enforcing its truck decal requirement and has asked the Federal Motor Carrier Safety Administration to reconsider a ruling that the city cannot require truckers to have such identification.
Truck Groups Defend La.’s Anti-Indemnification Law
American Trucking Associations and the Louisiana Motor Transport Association have filed a brief supporting Louisiana’s anti-indemnification law against a lawsuit that calls it unconstitutional.