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.
Ceva Logistics’ Earnings, Revenue Improve
Ceva Logistics on Monday reported higher revenue and earnings for the fourth quarter and full year.
March 7, 2011Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Gasoline Jumps 33¢ in Two Weeks to $3.51 a Gallon, Lundberg Survey Says
Gasoline’s national average price jumped 33 cents in the past two weeks to an average $3.51 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
March 7, 2011U.S. May Open SPR as Oil Nears $107 a Barrel
Oil prices continued their upward trend, nearing $107 a barrel early Monday, and President Obama’s chief advisor said the administration is considering releasing some oil from the Strategic Petroleum Reserve to staunch soaring prices.
March 7, 2011Letters: Hours of Service, Surety Bonds, Fair Fuel Surcharges
Not all truckers are the longhaul, cross-country, gone-way-too-long operators everyone seems to see in their mind’s eye. However, the proposals FMCSA has had to come up with now to fix a system that works well affects all drivers.
March 7, 2011FMCSA Drops Cargo Insurance Requirement for Freight Forwarders and For-Hire Carriers
The Federal Motor Carrier Safety Administration said it no longer will be necessary after March 21 for freight forwarders and for-hire carriers to maintain a minimum level of insurance for cargo that is lost or damaged in transit.
March 7, 2011Graves Says Highway Bill May Not Pass Until After the 2012 Presidential Election
WASHINGTON — American Trucking Associations President Bill Graves said the next long-term transportation funding bill may not pass until after the 2012 elections.
March 7, 2011Picking a Computer Is Tricky for a Carriers’ Mechanics
Choosing computers for mechanics to use in the maintenance shop requires a fleet — be it municipal or over-the-road — to weigh factors ranging from the mundane to the highbrow.
March 7, 2011Lawmakers Ask FMCSA to Keep Current Hours-of-Service Rule
Efforts to block changes in hours-of-service proposed by the Federal Motor Carrier Safety Administration gained steam last week as the closing of the agency’s comment period on the proposal approached.
March 7, 2011Class 8 Orders Jump 200% in February to 24,000 Units, Research Firms Report
New Class 8 truck orders in North America jumped more than 200% in February to about 24,000 units, the fourth month in a row of 24,000 orders or more, market researchers ACT Research Co. and FTR Associates said in separate reports.
March 7, 2011Known for Corrosion Expertise, Gambrell Takes TMC Reins
TAMPA — “If you’d have told me 20 years ago I’d be general chairman, I’d have told you you was crazy,” said Roy Gambrell, incoming general chairman of the Technology & Maintenance Council, who began his career repairing equipment on the family farm.
March 7, 2011