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, Government, Safety, Autonomous

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, 2010
Business

FedEx 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, 2010
Business

August 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, 2010
Business, Government, Logistics

L.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, 2010
Business, Autonomous

Opinion: 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, 2010
Business

YRC’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, 2010
Government, Business

New 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.

Michele Fuetsch | Staff Reporter
September 28, 2010
Business, Fuel

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, 2010
Government, Business

Michigan 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.

Michele Fuetsch | Staff Reporter
September 28, 2010
Business, Government, Logistics

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