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.

Perspective, Business, Safety, Autonomous

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, 2011
Business, Safety, Autonomous

January 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, 2011
Business, Fuel

Oil Hits $100 a Barrel

Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.

February 23, 2011
Business, Fuel

Diesel 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, 2011
Business, Safety, Autonomous

ATA 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, 2011
Business

TransForce 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, 2011
Business

Existing 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, 2011
Government, Business, Fuel

DeFazio 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.

Eric Miller | Senior Reporter
February 22, 2011
Business

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, 2011
Business, Logistics

Expeditors’ 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