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.

Letters to the Editor, Business

Letters: Highway Terrorists, Healthy Drivers

I’ve driven some “oversize” equipment myself within the past three years, and while not necessarily as “monstrous” as what the letter writer is probably moving most of the time, the 11-foot-wide unescorted mobile cranes and/or 14.3-foot double-decker buses are still considered oversize.

November 7, 2011
Business

Senate Passes Legislation Funding Transport Programs

The Senate passed a spending package last week that would fund transportation programs in 2012 and allow trucks weighing up to 100,000 pounds on interstate highways in Maine and Vermont.

November 7, 2011
Business

New CFTC Rule on Oil Trading Too Weak to Curb Speculators, Industry Officials Say

Trucking and fuel industry officials said a new commodity trading rule is “too weak” to curb the excessive speculation in world oil markets that causes dramatic price swings.

November 7, 2011
Business

Driver Shortage Getting Worse as Freight Grows, Officials Say

Trucking’s driver shortage is getting worse, as freight demand grows modestly and the qualified driver corps dwindles, a trend that’s making drivers more desirable than equipment, industry officials said.

November 7, 2011
Business

Production Ramping Up at Kenworth Truck Plant

RENTON, Wash. — Kenworth Truck Co.’s plant here is busy again, assembling 18 vehicles a day with a single shift of 525 employees.

November 7, 2011
Business

Use of Contractors Is Tested on Many Fronts, Experts Say

The trucking industry’s independent contractor model is being increasingly challenged in the courts, by regulatory authorities and in state legislatures, industry experts said.

November 7, 2011
Business

DOT Moves Driver Hours Rule to White House for OMB Review

The Department of Transportation advanced its hours-of-service rule revision to the White House Office of Management and Budget last week, the final procedural step before the public gets a first glimpse of the new regulation.

November 7, 2011
Business

FMCSA Revises Streamlining Proposal for Motor Carrier Registration Process

The Federal Motor Carrier Safety Administration has issued a revised proposal to streamline the agency’s registration process for motor carriers, brokers and freight forwarders — and eventually help the agency identify so-called “chameleon” operators.

November 7, 2011
Business, Fuel

Diesel Gains 6.7¢ to $3.892 a Gallon

U.S. retail diesel prices last week rose to their highest level in almost three months after climbing 6.7 cents to $3.892 a gallon, the Department of Energy reported.

November 7, 2011
Business

YRC Reports 3Q Loss; Names CFO

YRC Worldwide Friday reported a wider third-quarter loss and upgraded its interim chief financial officer to be its permanent CFO.

November 4, 2011