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

Execs See Consolidation in Finance Sector Following Recent Sell-Off by Biggest Player

A slowdown in demand for truck equipment is fueling competition among finance companies and commercial banks, which could lead to more consolidation in a sector that has seen a sell-off by the industry’s biggest player, company executives said.

Daniel P. Bearth | Staff Writer
May 16, 2016
Government, Business, Safety, Equipment, Autonomous

‘Fittest Trucker’ Crusades for Health

SAN ANTONIO — A former world-class swimmer who earned accolades as the “fittest truck driver in America” is on a campaign to improve the poor state of truck dri-ver health.

Eric Miller | Senior Reporter
May 16, 2016
Business, Government, Safety, Logistics

XPO Rebuffs Meeting Unions on Complaints

The Teamsters union and European labor representatives last week tried, but failed, to force a meeting with XPO Logistics Inc. CEO Bradley Jacobs to discuss union issues.

Rip Watson | Special to Transport Topics
May 16, 2016
Business, Equipment

April Class 8 Sales Decline 18.9%

U.S. retail sales of new Class 8 trucks fell 18.9% in April from a year earlier, WardsAuto.com reported. Analysts said the figures reflect a shift in traditional seasonal buying patterns rather than plummeting demand.

Roger Gilroy | Senior Reporter
May 16, 2016
Business

Portland, Ore., Approves Tax on Trucks

Portland, Oregon’s five-member City Council voted unanimously in favor of a trucks-only tax May 11.

David Elfin | Staff Reporter
May 16, 2016
Technology, Business, Safety, Government

Fleets Use Software to Better Plan Home Time for Drivers

Home time is a key factor for driver satisfaction, so carriers are using transportation management software to remind them when drivers want to be home and find the best routes to get them there.

Mindy Long | Special to Transport Topics
May 14, 2016
Technology, Government, Business, Equipment

ELD Vendors to Self-Certify Devices as Compliant ELDs

Certification of electronic logging devices has been left to the device manufacturers under the federal ELD rule.

Stephen Bennett | Special to Transport Topics
May 14, 2016
Technology, Government, Safety, Business

Sleep Apnea Programs for Truck Drivers Enhanced by Data, ‘Workflow’ Systems

Advances in technology are making it easier for fleets to screen drivers for a medical condition that’s believed to be a significant contributor to preventable crashes, while also enabling health care providers to monitor treatment while drivers are on the road.

Evan Lockridge | Special to Transport Topics
May 13, 2016
Business

Western Star Launches Off-Road Model That Swaps Truck Bodies

MOUNTVILLE, S.C. — Western Star has launched an off-road truck capable of swapping truck bodies within minutes, enabling operators to use the same chassis for multiple applications.

Seth Clevenger | Managing Editor, Features and Multimedia
May 13, 2016
Business

Mack 13-Speed Automated Manual Transmission Now Standard on Granite Models

Mack Trucks said its mDrive HD 13-speed automated manual transmission will be standard on Granite models.

May 13, 2016