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.
Cummins Maintains Engine Share Lead, But Continues to Lose Ground to OEMs
Truck makers sold more of their own engines in the first half of 2015 as they continue to encroach on Cummins Inc.’s industry-leading market share.
Truckbase Business Overview, Features, Reviews 2024
Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.
Appeals Court Reinstates Lawsuit Over Use of N.Y. Thruway Toll Funds
A federal appeals court has reinstated a lawsuit challenging the New York Thruway Authority’s use of millions of dollars in toll revenue to maintain the state’s canal system.
Used-Truck Pricing Remains Stable As Availability Improves, Analysts Say
Average used truck prices have remained stable in recent months as the availability of used equipment continued to improve, analysts said.
More Companies Report Upbeat 2Q Results
Five freight companies reported upbeat second-quarter earnings last week, rounding out a period that saw profits rise across the truckload, less-than-truckload and logistics sectors.
DOT Analysis of HOS Rule Gets Mixed Review in Audit
A Government Accountability Office audit on statistical methodology at the Federal Motor Carrier Safety Administration gave the agency mixed grades on its assessment of drivers’ hours of service and suggested that mandatory electronic logging might one day be used to gain better understanding of how drivers operate.
GAO Urges More Oversight of Third-Party CDL Testers
Federal regulators have been strongly urged to provide better oversight of third-party contractors used by a majority of states to administer skills tests to truckers applying for commercial driver licenses, according to a new government report.
Diesel Average Drops for 10th Straight Week, Reaching Lowest Level Since October 2009
The U.S. diesel average declined 5.5 cents last week to $2.668 a gallon, the lowest price since 2009, the Department of Energy reported.
J.B. Hunt Sues MercuryGate in IT System Dispute
J.B. Hunt Transport Services Inc. has sued transportation management systems provider MercuryGate International for $3.1 million, claiming that the vendor's information technology system didn’t work properly.
August 7, 2015Federal Advisory Board Recommends Hair Testing for Truck Driver Drug Screenings
After two years of study, a federal drug advisory board has issued a recommendation that hair specimens be approved as an alternative for federal workplace drug-testing programs.
Trucking Adds 2,800 Jobs in July as Unemployment Holds at 7-Year Low
The trucking industry added 2,800 jobs in July as the unemployment rate held at a seven-year low of 5.3%, the Labor Department reported Aug. 7.
August 7, 2015