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.
McLeod Says Now Is a Good Time to ‘Tune Up’ Operations
PHOENIX — Transportation companies have a prime opportunity to fine-tune their operations so they are better prepared to capitalize when the market turns, the CEO of McLeod Software said.
House Committee Hears Arguments on Excise Tax Repeal
The repeal of a tax on the purchase of new trucks was discussed during a recent hearing in the U.S. House of Representatives.
Love’s Travel Stops No. 1 on Happiest Employees List
Love’s Travel Stops & Country Stores, a family-run chain of truck stops founded nearly 60 years ago, topped storied firms like IBM, Nike and Apple in a new ranking of employee well-being.
Amazon to Hire 250,000 for Holidays, Boost Wages
Amazon.com Inc. will hire 250,000 employees this holiday shopping season and boost average pay for logistics personnel as it seeks to recruit and retain workers amid a labor shortage.
N.J. Diesel, Gas Taxes Go Up by Nearly 1¢ Oct. 1
New Jersey’s diesel and gas prices will rise 0.9¢ Oct. 1 due to the first uptick in state fuel taxes since 2020, according to the state treasury department.
Eaton Partners With Cruise Control Specialist Traxen
Eaton is to start selling, distributing, servicing and providing installation support for Michigan-based technology developer Traxen’s iQ-Cruise system.
ELD Company Orbcomm Hit With Ransomware Attack
Orbcomm was recently hit with a ransomware attack that has resulted in outages for some customers using its fleet management services, the transportation software company confirmed.
House Passes Internal Combustion Engines Legislation
Legislation aiming to block efforts designed to prevent the sale of internal combustion engines was recently approved in the U.S. House of Representatives.
Costs for Truck Parts, Labor Fall in Q2
CLEVELAND — A new report found that parts and labor expenses in heavy-duty truck repair shops dropped during the second quarter of 2023.
Tonnage Dips 2.3% in August
Truck tonnage in August declined 2.3% compared with year-ago levels but inched up sequentially for the second consecutive month.