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.

Business, Logistics

Ceva Logistics’ Earnings, Revenue Improve

Ceva Logistics on Monday reported higher revenue and earnings for the fourth quarter and full year.

March 7, 2011

Infographic: 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.

Business, Fuel

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, 2011
Business, Fuel

U.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, 2011
Letters to the Editor, Business

Letters: 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, 2011
Business

FMCSA 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, 2011
Business

Graves 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, 2011
Business

Picking 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, 2011
Business

Lawmakers 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, 2011
Business

Class 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, 2011
Business, Equipment

Known 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