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.
Foreign Firms Use MATS as Way to Enter U.S. Market
LOUISVILLE, Ky. — Companies from China and Taiwan, including China’s largest truck manufacturer, formed the biggest foreign contingent at the Mid-America Trucking Show here for the second year in a row, seeing the show as a good way to enter the U.S. market.
March 30, 2009Freight Managers Revise Business Strategies to Assure Financial Stability During Recession
For freight brokers adept at working in the middle of transactions between carriers and shippers, the recession is changing the game.
March 30, 2009Senate Panel Criticizes DOT Secretary for Refusal to Consider Higher Fuel Tax
WASHINGTON — Members of the Senate Environment and Public Works Committee criticized Transportation Secretary Ray LaHood and the Obama administration for refusing to consider an increase in the federal fuel tax.
March 30, 2009U.S. to Resolve Truck Dispute, Clinton Tells Mexican Officials
Secretary of State Hillary Clinton said the United States is “working very hard to achieve a resolution” to a trade dispute that led to Mexico imposing tariffs on U.S. goods valued at more than $2 billion after President Obama signed a law ending a cross-border trucking plan.
March 30, 2009Tonnage Rises From Jan. Levels, but Feb. Volume Trails Year-Ago
Truck tonnage in February dropped 9.2% from year-ago levels, but inched up 1.7% from the low totals in January, American Trucking Associations reported last week.
March 30, 2009Court Ends Port Owner-Operator Ban
A federal appeals court has thrown out the Port of Los Angeles’ ban on owner-operators and questioned the legality of concession requirements at the adjacent Long Beach port for drayage operators to file financial statements and give hiring preferences to experienced port drivers.
March 30, 2009YRC to Close 11 USF Holland Terminals
YRC Worldwide Inc. said it will close 11 USF Holland regional less-than-truckload terminals and turn the freight over to other company units, a move expected to boost operating income by at least $25 million a year.
March 30, 2009More States Banning Indemnification Contract Clauses
Spurred by trucking industry leaders, more states this year are banning contracts that shift liability for any incident that occurs on a shipper’s premises to freight carriers, joining more than a dozen other states that have acted to protect carriers from what they say are unfair contracts.
March 30, 2009Diesel Increases 7.3¢ to $2.09; 1st Price Rise in Over 2 Months
Rising oil prices and growing distillate demand pushed the U.S. national diesel average 7.3 cents higher to $2.09 last week, the first increase in more than two months, the Department of Energy reported.
March 30, 2009OOIDA Seeks Suspension of Mexican-Truck Plan
A group representing owner-operator truck drivers said Friday it has written to President Obama to ask that he suspend any immediate plans to re-establish the U.S.-Mexico cross-border trucking program.
March 27, 2009