Business

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.

Business

Metal Manufacturer, Mueller, Scraps Fleet and Signs With Ryder Systems

Mueller Inc. is scrapping its medium- and heavy-duty trucks and signing a deal with Ryder System Inc. to lease 26 vehicles.

September 6, 2016
Business

Private Carrier McLane Expands Food Service Footprint

McLane Company, a private grocery and food service carrier, has reached a deal to manage supply chain services for Circle K convenience stores.

September 6, 2016
Business, Technology

Freightos Acquires WebCargoNet to Expand Instant Freight Quotes

Two companies that provide quotes for shippers looking to hire carriers to haul freight are coming together. Freightos, which provides instant-rate spot market quotes has acquired WebCargoNet, which has an air cargo freight management system

September 6, 2016
Business

Navistar, Volkswagen Agree on Strategic Alliance

Navistar International Corp. and Volkswagen AG’s truck unit announced a strategic alliance that includes a $256 million investment by the German vehicle maker in Navistar as well as planned joint development of powertrain, procurement and other collaborative efforts.

September 5, 2016
Perspective, Business, Government, Equipment, Safety, Logistics, Autonomous

Opinion: Jake Brakes Keep Drivers Safe on Steep Roads

You can’t work in the trucking industry for long without realizing the interconnectedness of the trucking world — goods with communities, roads with ports, airports and railways, regulations across international and provincial borders and municipal boundaries, you name it. Another connection may not be immediately apparent: Canada’s National Trucking Week and “Jake” brakes.

September 5, 2016
Editorial, Business, Safety, Government

Editorial: A Welcome Proposal

After 10 years of deliberation, two agencies of the Department of Transportation have finally published a proposal that would limit the maximum speed of the largest commercial vehicles to a rate yet to be determined.

September 5, 2016
Government, Business

Speed Limiters Proposed

The federal government has issued a proposed rule requiring new heavy­duty vehicles to be equipped with speed-limiter devices that many large trucking fleets have been using voluntarily for several years.

Eric Miller | Senior Reporter
September 5, 2016
Business, Safety, Autonomous

Large TL Churn at 5-Year Low in Sluggish Market, ATA Says

Driver turnover fell 4 percentage points year-over-year for larger truckload fleets to 83% in the second quarter, dropping to the lowest level since 2011 amid a sluggish freight market, American Trucking Associations reported last week.

Rip Watson and Ari Ashe | Staff Reporters
September 5, 2016
Business

Veterans’ Military Experience and Skills Create Ideal Match for Fleets Seeking Drivers Amid Shortage, Executives Say

America’s long-running military conflicts in Afghanistan and Iraq have been a boon to the trucking industry, providing a supply of experienced men and women who can help alleviate the ongoing driver shortage.

David Elfin | Staff Reporter
September 5, 2016
Business, Fuel

Diesel Average Climbs 3.9¢ to $2.409; Gasoline Increases 4.4¢ to $2.237

The U.S. average price of diesel rose 3.9 cents to $2.409 per gallon last week, according to the Department of Energy as the price of crude hovered near $47 amid speculation that a glut of oil could be easing.

Roger Gilroy | Senior Reporter
September 5, 2016