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.
FMCSA Weighing Whether ID Requirements Are Burdensome
The Federal Motor Carrier Safety Administration is asking for public comment on the practice by some state and local governments of requiring trucks to display decals or other kinds of identification.
October 27, 2009EDI for Trucking: Everything You Need to Know
Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.
Consumer Confidence Drops in October
U.S. consumer confidence fell in October, according to the Conference Board's monthly consumer sentiment index released Tuesday.
October 27, 2009Paccar’s Third-Quarter Net Income Plunges 96%
Paccar Inc.’s third-quarter profit plunged 96% to $13 million, or 4 cents a share, from $299 million, or 82 cents, a year ago.
October 27, 2009Vitran’s Third-Quarter Profit Drops
Vitran Corp. said Tuesday its third-quarter income fell to $281,000, or 2 cents a share, compared with $2.1 million, or 15 cents, a year ago.
October 27, 2009Covenant’s Third-Quarter Loss Widens
Covenant Transportation Group reported a third-quarter net loss of $13.6 million, or 96 cents a share, compared with a loss of $3.4 million, or 24 cents, a year ago.
October 27, 2009Diesel Jumps 9.6¢ to $2.801; Gas Gains a Dime to $2.674
Diesel and gasoline both rose for a third straight week, with diesel jumping 9.6 cents to $2.801 a gallon, its highest level in almost a year, the Energy Department said.
October 27, 2009Canadian Pacific’s 3Q Income Falls
Canadian freight railroad Canadian Pacific’s third-quarter net income fell 22% as measures to control costs failed to offset lower volumes, Reuters reported.
October 27, 2009I-80 Bridge Repairs Could Mean Lane Closures at Iowa-Illinois Border Next Year
Iowa and Illinois will jointly tackle $10 million worth of repairs to the Interstate 80 Bridge that links the two states in the Quad City area along the Mississippi River
October 26, 2009NTSB Urges Tougher Measures to Fight Drivers’ Sleep Apnea
The Federal Motor Carrier Safety Administration should identify commercial truck and bus drivers who are at high risk for obstructive sleep apnea, and require drivers diagnosed with the condition to prove they are being treated, the National Transportation Safety Board recommended last week.
October 26, 2009U.S. Must Tackle Broad Transport Issues when Economy Recovers, Mendez Says
WASHINGTON — When the economy recovers and freight traffic begins to grow again, the nation needs to turn its attention to broader transportation issues that address everything from funding to livability, said Victor Mendez, newly appointed Federal Highway Administrator.
October 26, 2009