Trucking Business News

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.

BusinessFuel

Diesel Rises 3.8¢ to $4.127 a Gallon; Pump Price Is Highest Since April

Diesel rose almost 3.8 cents to $4.127 a gallon, its ninth straight increase and the highest price in almost five months, while gasoline also continued to rise, the Department of Energy reported in its weekly survey.

September 5, 2012
Business

ATA Endorses Vigillo’s Daylight Driver Index

American Trucking Associations said Wednesday it has endorsed Vigillo LLC’s Daylight Driver Index, a driver scoring system that describes a driver’s Federal Motor Carrier Safety Administration record using Compliance, Safety, Accountability  program data.

September 5, 2012
BusinessTechnology

CARB Pushes Back Timeline for OBD Advances

The California Air Resources Board has approved changes that give heavy-duty diesel engine manufacturers more time to comply with “technology forcing” regulations that require advances to engine onboard diagnostics systems that monitor nitrogen oxide emissions levels and particulate matter filter and sensor malfunctions.

September 4, 2012
GovernmentBusiness

Construction Spending Drops in July

Construction spending fell in July for the first time in four months, the Commerce Department said Tuesday.

September 4, 2012
GovernmentBusiness

EPA Air Regulatory Official Stepping Down

Margo Oge, the high-level official for the U.S. Environmental Protection Agency who has spearheaded the agency’s efforts to reduce air pollution and greenhouse gas emissions from the U.S. transportation sector, is retiring from the agency where she worked for more than three decades.

September 4, 2012
Business

Pilot Completes Acquisition of Maxum Petroleum

Pilot Flying J said Tuesday it has completed its deal to gain controlling interest in Maxum Petroleum.

September 4, 2012
BusinessFuel

Oil Tops $97 a Barrel Following Holiday

Oil rose to more than $97 a barrel, its highest intraday price in a week, following the Labor Day holiday, as investors speculated that European central banks will do more to stimulate economies, Bloomberg reported.

September 4, 2012
Letters to the EditorGovernmentBusinessTechnologyEquipment

Letter: Do the Right Thing

Let me understand you correctly: If a driver runs out of time 30 minutes from the yard and is on an electronic onboard recorder, “He either spends the night 20 miles from home or, more likely, breaks the law and comes to the yard anyway.”

September 3, 2012
PerspectiveBusiness

Opinion: Independent Contractors Under Fire

Transportation companies with independent contractor relationships should brace themselves for potential misclassification challenges from multiple fronts. Given the budget crises facing many states and the federal government, the interests of legislators, government agencies and unions have aligned, resulting in a coordinated effort to discourage the use of independent contractors — or to reclassify them as employees.

September 3, 2012
BusinessLogistics

July Trailer Orders Rise 0.2% as Fleets Remain Cautious

Orders for new trailers rose a slight 0.2% in July from a year earlier to 13,339, ACT Research reported.

September 3, 2012