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.
Opinion: ‘Black Box’ Retrieval Policies
Loss of event data recorder — or “black box” — information is one of the biggest problems in trucking accident litigation. While the market for EDR monitoring software has exploded in recent years, accident experts and attorneys are finding that much of this technology is incorrectly downloaded, analyzed and stored, creating legal and financial risks that can threaten the very existence of the company that makes use of it.
February 24, 2011January Truck Tonnage Hits 3-Year High
Truck tonnage grew 8% in January from a year ago to its highest level in three years, American Trucking Associations said Wednesday.
February 23, 2011Oil Hits $100 a Barrel
Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.
February 23, 2011Diesel Rises 3.9¢ to $3.573 a Gallon
Diesel increased in price for the 12th straight week, gaining 3.9 cents to $3.573 a gallon, the Department of Energy said.
February 23, 2011ATA Supports Hand-Held Phone Ban for Truck Drivers
American Trucking Associations has told the Federal Motor Carrier Safety Administration that it supports the proposed ban on hand-held phone use by commercial vehicle drivers.
February 23, 2011TransForce Completes Acquisition of Dynamex
Canadian trucking firm TransForce Inc. has completed its acquisition of logistics and delivery firm Dynamex Inc., Dynamex said Wednesday.
February 23, 2011Existing Home Sales Hit 8-Month High
Existing home sales rose 2.7% in January to the highest level in eight months, the National Association of Realtors said Wednesday.
February 23, 2011DeFazio Proposes Limiting Detention Time
Rep. Peter DeFazio (D-Ore.) has introduced a bill that would require the Department of Transportation to study and establish a maximum number of hours that drivers may be detained at loading docks without being compensated.
US 1 Accepts Buyout Offer from Executives
Logistics firm US 1 Industries has accepted a buyout offer from a company owned by two of its top executives.
February 22, 2011Expeditors’ Fourth-Quarter Profit Jumps
Logistics firm Expeditors International of Washington’s fourth-quarter profit jumped 40% to $96.5 million, or 45 cents a share, from $69.1 million, or 32 cents, a year earlier.
February 22, 2011