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.
Five Trucking Companies Endorse Bill Requiring EOBRs
Five major trucking companies said Wednesday they have endorsed legislation by two U.S. senators that would require electronic onboard recorders in all trucks to verify drivers’ duty status.
September 29, 2010FedEx to Boost LTL Rates 6.9%
FedEx Corp.’s less-than-truckload units will impose a 6.9% general rate increase effective Nov. 1, the company said Wednesday.
September 29, 2010August Truck Tonnage Rises 2.9%
Truck tonnage rose 2.9% in August, the ninth straight year-over-year increase, American Trucking Associations said.
September 29, 2010L.A. Harbor Commission Approves Driver-Mandate Timeline
The Los Angeles Harbor Commission has approved a plan to start implementing the Port of Los Angeles’ employee driver mandate next year.
September 29, 2010Opinion: Unincorporated Truckers Beware
Many of those involved in trucking — particularly the over-the-road interstate variety — appear to believe an unincorporated trucking firm escapes multistate taxation.
September 29, 2010YRC’s William Zollars to Retire
YRC Worldwide Chairman and CEO William Zollars will retire following completion of the company’s comprehensive recovery plan, the less-than-truckload carrier said.
September 28, 2010New York to Close Six Rest Stops
New York will begin closing six of its state highway rest stops beginning Nov. 1 in an effort to deal with severe budget problems.
Diesel Dips 0.9¢ to $2.951 a Gallon
Diesel fell for the first time in three weeks, dipping 0.9 cent to $2.951 a gallon, while gasoline took its first drop in a month, the Department of Energy said.
September 28, 2010Michigan Vote Expected on New Detroit River Crossing
Backers of a proposal for a new publicly owned bridge across the Detroit River to Ontario said the Michigan State Senate will vote on a bill before year’s end to allow a public private partnership to build the span.
Consumer Confidence Falls in September
Consumer confidence dropped in September to the lowest level in seven months, the New York-based Conference Board said Tuesday.
September 28, 2010