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.
Court Upholds Independent Contractor Status in Massachusetts Case
A federal court ruled that Massachusetts courier drivers are independent contractors, turning away a bid by the state to classify the workers as employees.
GOP Congressman Proposes Fuel Tax Increase
Rep. Tom Rice (R-S.C.) introduced legislation that would raise federal fuel taxes by 10.1 cents per gallon, and index the new rate to inflation as a way to ensure the long-term solvency of the Highway Trust Fund.
USA Truck Appoints Glaser CEO; Simone Resigns to Focus on Health
USA Truck Inc. has appointed Thomas Glaser CEO to succeed John Simone, who has resigned to focus on his health.
DOT Freight Transportation Index Rises 1.7%
The Department of Transportation’s freight transportation services index rose 1.7% in May from the same month in 2014, DOT said July 9.
July 9, 2015International Offers Telematics Credit
International Truck said it is offering the first telematics credit for the industry as part of the effort to lower customers’ operating expenses.
July 9, 2015DAT Reports Weekly Spot Market Rate Drop
DAT Solutions said its spot market loads for the seven-day period ended July 4 fell 20% compared with the prior weekly period.
July 9, 2015Consumer Comfort Cools After Reaching Nine-Week High
Consumer confidence in the United States eased last week from its highest level since the end of April, reflecting subdued views of the economy and buying climate.
McLeod Adds Integration With LoadDex
McLeod Software said its freight brokerage management system, PowerBroker, now integrates with Logistical Labs’ pricing platform, LoadDex.
July 9, 2015Final EPA Rule Grants 3-Year Extension for Makers of Refrigerated Trailers
A new final rule from the Environmental Protection Agency gives the manufacturers of refrigerated trailers and their suppliers another three years, through 2019, to develop a new foam-blowing agent that does not incorporate strong greenhouse gases.
More Americans Filed Jobless Claims Last Week Than Forecast
More Americans than forecast filed for unemployment benefits last week, representing a pause in the pace of labor-market improvement.
July 9, 2015